Legal Opinion
Welch v. Crow
Supreme Court of Oklahoma
Decided March 31, 2009No. 104914PublishedCited by 37 opinions
1Opinion of the Court
KAUGER, J.:
{1 The issues presented are whether:; 1) 84 § 132 1 is applicable to revocable inter vivos trusts; and 2) a trust with the same person as sole trustee and only vested present beneficiary, which also provides for a contingent beneficiary, is illusory. We hold that § 182 is not applicable to revocable inter vivos trusts and a trust is not illusory merely because the same person is the sole trustee and only vested present beneficiary if it provides for at least a contingent beneficiary.
FACTS
12 On April 12, 1995, Betty J. Neighbors (Neighbors) created the Betty J. Neighbors Revocable…
2Cases cited27 opinions
- Newman v. DoreNew York Court of Appeals · 1937
- Estes v. ConocoPhillips Co.Supreme Court of Oklahoma · 2008
- Haworth v. JantzenSupreme Court of Oklahoma · 2006
- Cox v. State ex rel. Oklahoma Department of Human ServicesSupreme Court of Oklahoma · 2004
- King v. KingSupreme Court of Oklahoma · 2005
22 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- HALL v. THE GEO GROUP, INCSupreme Court of Oklahoma · 2014
- State Ex Rel. Protective Health Services State Department of Health v. VaughnSupreme Court of Oklahoma · 2009
- Woods v. Prestwick House, Inc.Supreme Court of Oklahoma · 2011
- Price v. HowardSupreme Court of Oklahoma · 2010
- White v. HENG LY LIMSupreme Court of Oklahoma · 2009
32 more not listed; retrieve them via the Exa API.