Legal Opinion
Frances Lancaster Larry Lancaster v. Merchants National Bank of Fort Smith, Arkansas
Court of Appeals for the Eighth Circuit
Decided April 7, 1992No. 91-1128PublishedCited by 3 opinions
1Opinion of the Court
BRIGHT, Senior Circuit Judge.
Merchants National Bank (Merchants) appeals the district court’s judgment, which held that Chester and Grace Kingsbury’s trusts were not charitable and, thus, were void because they violated the rule against perpetuities. We reverse.
I. BACKGROUND
The Kingsburys established two mirror image inter vivos trusts on February 19, 1988. They named Merchants to serve as the trustee, following Chester’s death, and established a board of directors to administer the trusts. The Kingsburys provided some assets to form the trust corpus. In addition, a pour-over provision in…
2Cases cited11 opinions
- Salve Regina College v. RussellSupreme Court of the United States · 1991
- Russell v. AllenSupreme Court of the United States · 1883
- Sutton v. EnglishSupreme Court of the United States · 1918
- Kohn v. PearsonSupreme Court of Arkansas · 1984
- Biscoe v. ThweattSupreme Court of Arkansas · 1905
6 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Christopher P. Sianis v. Mary S. Jensen Bradford K. JensenCourt of Appeals for the Eighth Circuit · 2002
- Christopher Sianis v. Mary S. JensenCourt of Appeals for the Eighth Circuit · 2002
- Frances Lancaster Larry Lancaster v. Merchants National Bank of Fort Smith, ArkansasCourt of Appeals for the Eighth Circuit · 1992