Richardson v. Stephenson

The persons appearing here as defend-, ants might be more properly styled respondents. As is already statet!} the proceeding is really in the nature of a special proceeding although it takes the-form of an action. The *92defendants are concerned as beneficiaries under the original trust instrument or under its terms as modified, or both.

The questions presented have been thoroughly and carefully briefed and argued and we can do little more than adopt the work of counsel and indicate the grounds upon which our conclusion rests.

It is well settled that reservations by the settlors of trusts…