Houston v. Houston
Court of Chancery of Delaware
1Opinion of the Court
The Chancellor :
The fifth item of the will gives to the trustee in trust for the exclusive use and benefit of *4Charles B. and Layton Houston, three thousand dollars, the same to be invested and, upon the arrival of each at the age of sixteen, to spend one-half of the principal and its income upon each in educating him in such school as the trustee may select. While there is a direction to the trustee in case either boy dies before reaching sixteen, yet the testator makes no provision concerning the length of time the trust shall continue, nor where the balance of the fund shall go in case all…
2Cases cited2 opinions
- Lorton v. WoodwardCourt of Chancery of Delaware · 1883
- Mounts' AppealSupreme Court of Pennsylvania · 1884
3Cited by4 opinions
- Nickson v. Filtrol CorporationCourt of Chancery of Delaware · 1970
- Sussex Trust Co. v. Beebe Hospital of Sussex County, Inc.Court of Chancery of Delaware · 1940
- Delaware Trust Co. v. DavisCourt of Chancery of Delaware · 1960
- Delaware Trust Company v. DavisCourt of Chancery of Delaware · 1960