Estate of Ingram v. Ashcroft

BERREY, Judge.

This is an appeal from the judgment of the trial court in Chariton County, Missouri, holding that plaintiff’s fee as a trustee was limited, in part, by a letter between it and the settlor. The following facts are set forth.

Joe W. Ingram was a prosperous resident of Chariton County, Missouri. Having no children of their own, Mr. Ingram and his wife decided to set up a trust in which the income from the assets would be used “for charitable and education purposes in Chariton County” and named the *957Union National Bank, now known as Cen-terre Bank of K.C., the plaintiff,1 and Marjorie…