Citizens National Bank of Paris v. Kids Hope United, Inc.

In the 1960s, grantors La Fern L. Blackman and Ettoile Davis each executed a trust that benefitted the Edgar County Children’s Home (the Home). The Blackman trust stated that the Home would continue to receive income from the trust until the Home “ceased to operate or exist.” The Davis trust stated that the Home would continue to receive income from the trust until the Home ceased to function in its “present capacity.” In 2003, the Home merged with defendants, Hudelson Children’s Home and Family Services (Hudelson), now named Kids Hope United, Inc. (Kids Hope). In 2006, plaintiffs and…