Philadelphia Trust &c. Co. v. Guillou
Philadelphia Trust &c. Co. v. Guillou
Opinion of the Court
delivered the opinion of the court, May 8th 1882.
It is unnecessary to examine and discuss the assignments of error seriatim. One error we think runs through, and affects them all. The learned judge below erred in affirming the defendant’s ninth point, viz: “If the jury find that William J. Fell, individually, was the landlord of the firm, for the store and mill, then this action cannot be sustained,- and the verdict must be for the defendant.” The whole case, it will be seen, was made to turn upon the question of fact whether William J. Fell received rent from the firm as an individual, or as a trustee. We think that this was an immaterial question.
The issue under the agreement of the parties, was simply whether the rent claimed was a part of the trust estate of Franklin Fell, and if so, the plaintiffs as substituted trustees under his will were clearly entitled to it. The mill and store in question were a part of that trust estate. By the will the property was devised, inter alia, to his son William, and the Fidelity Trust Co., “ in trust to let and manage the real estate, and to collect, recover and receive the rents, and income thereof, or to allow my said son William Jenks Fell, at his option, to use and occupy any "lands, messuages or tenements, belonging to my said estate, from time to time during his natural life, the taxes, assessments and repairs thereof to be paid out of the income of my estate.” It then proceeds to declare that the net income shall be paid to his son William, and adds “ in no event shall the principal or income thereof, be liable in any way or manner whatsoever for any of the debts liabilities, or engagements of my said son, or to any attachment or execution or proceeding in the nature thereof.” It is too plain 'for argument that the main object of the testator in creating this trust was, to protect his estate or that part of it which he meant for the support of his son William, both principal and income, from his creditors. It was necessarily an active trust, and the clause permitting William at his option to occupy or use any part of it, did not prevent that result: Rife v. Geyer, 9 P. F. Smith 393. If William exercised this option it did not make him the owner of the property. He might occupy it himself or permit others to occupy. Iiis receipt of the rent, would discharge the tenants. When he received the rent he could do what he pleased with it. He could then invest it in his own name — he could pay his debts with it — he could give it away. But until it was received by him it belonged to the trust. In renting it or permitting his firm to occupy it at a stipulated rent he was act
Judgment reversed and venire facias de novo awarded.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.