In re Trusts under will of Young
Supreme Court of Iowa
1Opinion of the CourtSmith, J.
We are required here to determine: Whether the entire net income of certain testamentary trusts vests in the *214beneficiary as it accrues; or whether it is to be expended only as and to the extent needed. A second question is: -Whether it is the trustee’s duty to administer and pay out the income directly according to the beneficiary’s needs as they arise; or whether the trustee must turn the income over to the duly appointed and qualified conservator of the incompetent beneficiary’s person and estate “monthly or as received.”
Of course if it be found the income vests as it comes into being, such…
2Cases cited10 opinions
- Valley Savings Bank v. Penn CollegeSupreme Court of Iowa · 1944
- Henkel v. AuchstetterSupreme Court of Iowa · 1949
- Ellsworth College v. CarletonSupreme Court of Iowa · 1916
- In Re Estate of WormanSupreme Court of Iowa · 1942
- In re the Estate of StumpenhousenSupreme Court of Iowa · 1899
5 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- In Re the Estate of MiguetSupreme Court of Iowa · 1971
- In Re Estate of BarnesSupreme Court of Iowa · 1964
- Schaefer v. Merchants National Bank of Cedar RapidsSupreme Court of Iowa · 1968
- City National Bank v. McCoySupreme Court of Iowa · 1956
- In Re Young's WillSupreme Court of Iowa · 1956
5 more not listed; retrieve them via the Exa API.