Billings v. Warren
Illinois Supreme Court
Writ or Error to the Circuit Court of Cook county; the Hon. Murray E. Tuley, Judge, presiding. Charles P. Williams, residing at Stonington, Conn., died testate October 28, 1879. By his will, after making certain specific bequests, he directed, in section 8, that all the rest and residue of his estate should be held and managed by his executor, W. J. H. Pollard, for a period of two years after his death, at the end of which time the executor should make and file with the…
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Writ or Error to the Circuit Court of Cook county; the Hon. Murray E. Tuley, Judge, presiding. Charles P. Williams, residing at Stonington, Conn., died testate October 28, 1879. By his will, after making certain specific bequests, he directed, in section 8, that all the rest and residue of his estate should be held and managed by his executor, W. J. H. Pollard, for a period of two years after his death, at the end of which time the executor should make and file with the court of probate in Stonington an inventory of said residue as' it should then be, with the executor’s valuations of the…
1DissentJustice Hand
The testator did not give Coddington Billings, as trustee, in express terms, the power to invest said trust fund in real estate,—clearly not in unproductive.real estate,—and no such power is implied in the will, the language thereof creating the power being, “to manage, invest, alter the investments and re-invest the assets in said shares so given him in trust as he may deem best, and the net income of said trust estate during their joint lives, and the life of the survivor of them, apply to the use and benefit of said Coddington and Mary W.,” etc., showing the' trust estate was to produce an…
2Cases cited2 opinions
- Breit v. YeatonIllinois Supreme Court · 1881
- Halle v. National Park Bank of New YorkIllinois Supreme Court · 1892