Question: Roy and Icie Johnson established two revocable inter vivos trusts
Roy and Icie Johnson established two revocable inter vivos trusts in 1966. The trusts provided that upon Roy's and Icie's deaths, income from the trusts was to be paid in equal shares to their two sons, James and Robert, for life. Upon the death of the survivor of the sons, the trust was to be " divided equally between all of my grandchildren, per stirpes. " James had two daughters, Barbara and Elizabeth. Robert had four children, David, Rosalyn, Catherine, and Elizabeth. James and Robert disclaimed their interest in the trust in 1979, and a dispute arose about how the trust should be distributed to the grandchildren. The trustee filed an action seeking instructions on how the trusts should be distributed. What should the court hold?
Answer to relevant QuestionsElma Ward died in 2008. Frazier petitioned the court to probate a holographic will made by Ward. The document contains two typewritten sections, separated by one handwritten section. The document reads: Typewritten section ...Property Owners Insurance Co. (POI) was the insurer and Thomas Cope was the insured under a liability policy that excluded liability except in cases of liability "with respect to the conduct of a business" owned by Cope. ...Earl and Vonette Crowell owned a farm in Minnesota. In 1980, they mortgaged the farm to Farm Credit Services and purchased a property insurance policy on the farm (including the farmhouse) from Delafield Farmers Mutual ...Jacob Phillips and his wife, Charlene, jointly owned the Village Variety 5 & 10 Store in Bluefield, Virginia. In addition, Mrs. Phillips was a computer science teacher at the Wytheville Community College. On December 1, ...Bryant filed a Chapter 7 petition on January 7. On March 8, she filed an application to reaffirm an indebtedness owed to General Motors Acceptance Corporation (GMAC) on her Cadillac automobile. Bryant was not married, and ...
Post your question