Petty v. Moores Brook Sanitarium
Supreme Court of Virginia
Appeal from a decree of the Corporation Court of the city of Lynchburg. Decree for the complainant. Defendant appeals.
1Opinion of the CourtHarrison, J.
On the 28th day of August, 1902, Harry S. Langhorne, an ■ improvident young man, created a “spendthrift trust” for his own benefit by conveying a valuable estate possessed by him to a trustee upon the following trusts: To secure his then existing indebtedness and certain debts of his mother. After these debts *816had been satisfied, together with certain costs mentioned, the residue of the property conveyed, or its proceeds, was to be-invested by the trustee to the best advantage, paying to the said Langhorne from time to time out of the accruing net interest ; and profits such sum as the trustee…
2Cases cited4 opinions
- Pacific National Bank v. WindramMassachusetts Supreme Judicial Court · 1882
- Menken v. BrinkleyTennessee Supreme Court · 1895
- Hutchinson v. MaxwellSupreme Court of Virginia · 1902
- Ghormley v. SmithSupreme Court of Pennsylvania · 1891
3Cited by25 opinions
- Greenwich Trust Co. v. TysonSupreme Court of Connecticut · 1942
- Herzog v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Ware v. GuldaMassachusetts Supreme Judicial Court · 1954
- Sheridan v. KrauseSupreme Court of Virginia · 1934
- Dunlop v. Dunlop's ExecutorsSupreme Court of Virginia · 1926
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