Legal Opinion
Macken, Carolyn v. Jensen, Erik
Court of Appeals for the Seventh Circuit
Decided June 24, 2003No. 02-4345PublishedCited by 1 opinion
1Opinion of the Court
EASTERBROOK, Circuit Judge.
To provide for his heirs, Richard Mack-en established and funded a trust. Richard had complete discretion over the disposition of the trust’s assets and unbridled power to change the trust’s terms. After his death in 2001 the trust’s plan took effect. Beneficiaries of the trust include Shannon and Sean Macken, Richard’s minor children by Carolyn Macken, his former wife. Each of Richard’s children becomes entitled to some of the principal at age 25; the trustee has discretion to distribute interest and principal earlier “for the health, maintenance in reasonable…
2Cases cited15 opinions
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- Snyder v. HarrisSupreme Court of the United States · 1969
- Markham v. AllenSupreme Court of the United States · 1946
- Clark v. Paul Gray, Inc.Supreme Court of the United States · 1939
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3Cited by1 opinion
- Macken v. JensenCourt of Appeals for the Seventh Circuit · 2003