Ohio National Bank v. Adair

The cardinal question presented is whether the trust will terminate upon the renunciation and the relinquishmeht of the income received by the sole remaining income beneficiary, Maribel, and the distribution of the trust corpus shall thereby be accelerated and distributed to her children, Michael and Patricia.

The doctrine of acceleration, as applied to the law of property, refers to the hastening of the owner of a future interest towards a status of present possession or enjoyment by reason of the failure of the preceding estate. 2 Simes & Smith, Law of Future Interests (2 Ed.) 263, What is…