State Bank of Havana v. Cordes

This case involves the question of whether a will is so ambiguous as to require construction by the court, and, if so, whether the -will permits invasion of the corpus of a trust established by the will in order to obtain sufficient funds to meet the needs of the principal beneficiaries of the trust. We hold the circuit court properly construed the will and ruled the needs of the principal beneficiaries may be satisfied from the trust corpus insofar as the trust income is insufficient for that purpose.

The decedent, Jacob H. Cordes, died on February 18, 1982, and left a will dated April 1,…