DocketNumber: Appeal, No. 279
Judges: Brown, Fell, Mestrezat, Potter, Thompson
Filed Date: 6/15/1904
Status: Precedential
Modified Date: 11/13/2024
Opinion by
William F. Miskey, Jr., the father of the appellant in this case, executed a trust deed upon May 4, 1881, conveying certain property to his father, in trust to convey it to Mary Thomas Miskey, the appellee here. The property was duly conveyed to her the same day, upon the following trusts, “ that she, the said Mary Thomas Miskey, and her successors, in the trust, shall let the above described premises from time to time, manage and take care of the same, keep the same insured and in good order and repair, collect the rents, issues and profits thereof, and after paying thereout all necessary expenses, such as taxes, water rents, costs of repairs, insurance and incidental charges, shall during the lifetime of the said Mary Thomas Miskey appropriate and use the net income of the said estate to and for the maintenance and support of the said Mary Thomas Miskey and the maintenance, education and support of Mary V. Miskey and John A. Miskey, Jr., children of the said William F. Miskey, Jr., and of such other children as may hereafter be born to them, the said William F. Miskey, Jr., and Mary Thomas, his wife.” No children were born after the date of the trust deed, and the only parties interested are the widow, now Mary
The duties imposed upon the appellee as trustee, under the terms of the deed are to manage the property, collect the rents, pay taxes, make repairs, and preserve the corpus of the estate. In this respect she discharges the duties which are common to trustees, and the fact that the title to the property is vested in her, and its management intrusted to her, does not in anyway affect her right to control the expenditure of the net income. That was given to her to be used for her own support, and the education and support of the children of the settlor. We feel that this case is properly controlled by the principles set forth by Sharswood, J., in Paisley’s Appeal, 70 Pa. 153. There the renting and management of the property was to be under the control of the executors, while here those duties are imposed upon the widow; but the income was as in the case now before us, given to the widow for her natural life, for her support and' the support and education of her children. It was held, upon most satisfactory reasoning, that the words of the will created no trust, either in the widow or in its executors, for the children: and that the widow could not be required to account for the expenditure of the income. In the present case the appellant in her petition claims that she is entitled to one third of the net income. But for the same
The assignments of error are overruled, the decree of the court below is affirmed, and this appeal is dismissed at the cost of appellant.