Estate of Madison
California Supreme Court
1Opinion of the CourtTraynor, J.
On August 19, 1935, the decedent created three trusts, one each for his two daughters and one for his son. The corpus of each trust consisted of stocks and bonds valued at approximately $100,000. The provisions of the trusts material to this case were identical.
Each trust was to continue for the life of the trustor, during which time the income from the son’s trust was to be accumulated, while the income from the daughters’ trusts was to be paid to them. Each trustee was authorized, if he deemed it in the best interest of the beneficiary, to deliver to him upon request portions of the corpus…
2Cases cited54 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- Reinecke v. Northern Trust Co.Supreme Court of the United States · 1929
- May v. HeinerSupreme Court of the United States · 1930
- Estate of PlattCalifornia Supreme Court · 1942
- Bodinson Manufacturing Co. v. California Employment CommissionCalifornia Supreme Court · 1941
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3Cited by103 opinions
- Neal v. State of CaliforniaCalifornia Supreme Court · 1960
- Rich v. State Board of OptometryCalifornia Court of Appeal · 1965
- Petri Cleaners, Inc. v. Automotive Employees, Laundry Drivers & Helpers Local No. 88California Supreme Court · 1960
- Trabue Pittman Corp. v. County of Los AngelesCalifornia Supreme Court · 1946
- Sharp v. Hoerner Waldorf Corp.Montana Supreme Court · 1978
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