First Galesburg National Bank & Trust Co. v. Robinson

The grandchildren of the grantors of an inter vivos trust appeal from a ruling of the circuit court of Knox County denying them a remainder interest in a 190-acre farm in Henry County which had vested in their father prior to his death.

The facts of this case are fairly simple. In 1965 William T. Robinson, Sr., and his wife, Lenora Robinson, executed a trust instrument placing their jointly owned farm in trust with the First Galesburg National Bank as trustee. The crucial provision of the trust was paragraph 5, as follows:

“That the net proceeds *** shall be annually divided between the…