Vinson v. First Trust & Savings Bank

This matter comes on to he heard on the complaint of Phyllis June Vinson and Helen Faye McDaniel, who asked to have the trust established by Clarence Ashmore, in which the First Trust and Savings Bank of Zanesville is trustee, declared void as being in violation of the rule against perpetuities and the common-law rule against accumulations.

*98In order to determine this case, it is necessary to determine the meaning of the trust agreement, in particular the following four paragraphs:

“My said trust estate shall be treated as composed of two equal shares, and one of such shares shall be held for…