This case involves the construction of a will. The will established a trust for the benefit of the decedent's children that provided income for eleven years. At the end of the eleven year term, the trust was to be terminated and the trust assets distributed to the beneficiaries. During the eleven-year term, one of the decedent's children died, leaving no spouse, children or surviving parent. The beneficiary under the deceased child's will sued, seeking that child's share of the trust assets. At issue was whether the trust assets vested in the beneficiaries when the testator died or when the trust terminated. The probate court held that the decedent intended for the trust corpus not to vest in the beneficiaries until the trust terminated, and that the beneficiary under the child's will would not receive her share of the trust assets. We affirm, finding that the language of the will indicates that the testator intended for the corpus of the trust to vest when the trust terminated.
Case Number
M2003-02537-COA-R3-CV
Originating Judge
Judge Frank G. Clement, Jr.
Case Name
In Re: Estate of Murrey Louis Wakefield, Deceased; AMSouth Bank and Judith Wakefield Sandlin, Co-Executors, Linda Wakefield Melvin and Judith Sandlin Melvin and Judith Sandlin v. Estate of Nancy Wakefield Coleman, et al.
Date Filed
Dissent or Concur
No
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