Security National Bank of Greensboro v. Hannah

The time of termination of the trust is the sole question for decision on this appeal. The solution depends upon the proper interpretation of the first sentence in paragraph 12, Item Fifth, of the will, which reads as follows: “When my youngest living grandchild becomes twenty-one years of age, the trust property then in the hands of the trustee shall be distributed.”

Appellees maintain that the trust terminates when the youngest grandchild of testator living at the time of his death reaches the age of twenty-one. On the other hand, appellants contend that the trust continues until the…