100 Mo. 466 | Mo. | 1890
This is a suit in equity by Murray Phillips in his own right and as guardian of Amos P. Klein, a minor, against the administrator pendente lite of the estate of Amos R. Phillips and the creditors of said estate to enforce a resulting trust.
The following is an outline of the facts:
Shapley R. Phillips died at the county of New Madrid, in this state, in the early part of 1863, leaving a large estate consisting of lands, personal property and slaves. He left a widow, Adele T. Phillips, who elected to take a child’s part, and one son by her, and also one daughter and two sons by a former marriage, namely, Sallie D., Amos R. and Murray Phillips. The estate therefore descended to the widow and children in five equal parts. Amos R. Phillips administered upon his father’s estate in 1863, and the administration had not been closed when he died, which was in the year 1873. In the meantime the widow and her son died, the son dying first, and the widow left as her heirs David Stengle, Mary Stengle and Mattie Dormer. Sallie D. Phillips married Leroy Klein; both died, leaving one child, Amos P. Klein, whose name was changed to Amos R. Phillips, but he will be designated by his original name; it does not appear when his parents died.
The inventory filed by Amos R. Phillips in 1863, as administrator of Shapley R. Phillips, discloses lands to the amount of nearly three thousand acres, notes and accounts and allowances against estates aggregating, with accrued interest, eighty-eight thousand, seven hundred and thirty dollars, and an appraisement bill of other personal property and slaves amounting to twenty-six thousand, eight hundred and sixty-two dollars. The eighth and final settlement of Amos R. Phillips was filed in the probate court in September, 1872, nearly ten years after the grant of letters of administration; this settlement shows a balance due the
The further history of the final settlement as disclosed by disconnected scraps of evidence is this: Stengle and others, the appellants, and Murray Phillips, as administrator de bonis non of Shapley R. Phillips appeared in the circuit court at its September term, 1874, and represented to the court that all matters of dispute had been adjusted, and the appeal was dismissed by consent. At the March term, 1876, the appellants moved to reinstate the cause, but the court overruled the motion. An entry made at the September term, 1876, shows that the appellants appeared by attorney, and that Murray Phillips appeared for himself and as administrator de bonis non of the estate of Shapley R. Phillips, and as executor of' Amos R. Phillips, and as guardian of Amos P. Klein; that the exceptions to the report of the referee came on to be heard and were overruled and the report confirmed; and it was adjudged that there was in the hands of Amos R. Phillips, late administrator of Shapley R. Phillips, the sum of seventy-one thousand, eight hundred and ninety-four dollars for distribution, and it was further ordered that a copy of the judgment be certified to the probate court.
The first question is whether the evidence makes out a case for declaring a resulting trust as to either the personal or real estate. The estate of Amos R. Phillips is insolvent and all of the sureties on his bond as administrator of his father’s estate are insolvent, except one person, and it is clearly shown that not more than two or three thousand dollars can be collected of that surety. When Amos 'administered upon his father’s estate, he was twenty-two years old and just out of school. He owned some nine thousand acres of land which had been conveyed to him by his father in the preceding year. About fifteen hundred acres of this land was cleared, and as we understand the evidence was in cultivation. He had no other property worthy of mention. The personal assets of his father’s estate amounted to something over one hundred thousand dollars. Of this property, slaves to the appraised value of sixteen or seventeen thousand dollars were distributed among the heirs early in the administration. From 1863 to 1873,
If a person holding a fiduciary character purchase property with the trust funds in his hands and take the title in his own name, a trust in the property will result to the persons entitled to the fund with which the property was purchased. This principle of law applies to executors and administrators who purchase property with the money belonging to the estate; and in such cases a trust results to the heirs and legatees. l' Perry on Trusts [3 Ed.] sec. 127. But the distributees and legatees have no preference over the other creditors, where the means of identification fail. 1 Perry on Trusts [3 Ed.] sec. 128. In Buck v. Askbrooke, 59 Mo. 200, the evidence was that the money intrusted to the executor had been used “part in business, part in
According to these principles of law the plaintiffs have failed to make out a resulting trust as to all of the property, real and personal, least it be the real estate embraced in three deeds, hereafter mentioned. There is a failure to identify or trace any of the property of the estate of Shapley R. Phillips. The claim made for the plaintiffs is that the administrator had no means of his own, and he must therefore have used the assets of the estate in the purchase of personal and real property. But it must be remembered that during all this period of ten years, he transacted a large business of his own, and became indebted to the amount of sixty thousand dollars, besides the amount owing to the heirs of his father’s estate. On this general and indefinite evidence it is just as fair to say that the property which he owned at his death is the product of mo ney and property received from the defendant creditors as it is to ¡say it is the product of the assets of his father’s estate. The assets of the father’s estate have not been traced to a single piece of property now on hand.
Some other questions are discussed in the briefs but we deem it advisable not to consider them on the present state of the record, The judgment is reversed and the cause remanded.