Derr's Estate
Derr's Estate
Opinion of the Court
Opinion by
The decree below, dismissing appellant’s petition, was on a demurrer filed to it by the appellees, and, on this appeal, we have nothing before us but its averments, admitted by the demurrer to be true. In their counter history of the case, the learned counsel for appellees call attention to certain facts regarded as material, but, as they do not appear in the petition, they ought not to be referred to and will not be considered.
The chief ground of complaint in the petition filed in the court below is the purchase by the trustees under the will of Thompson Derr, deceased, of the undivided three fourths of Duncan’s island as an investment for their cestuis que trust, one of whom was the appellant. This island formed a portion of the residuary estate of the deceased, an undivided fourth of which, by the terms of his will, admitted to probate March 10, 1885, he gave and devised to Henry H. Derr, John F. Derr and Andrew F. Derr, in trust, as follows : “ In trust to enter into possession, take charge of, manage and direct the same and to pay the whole net annual income or profit to arise therefrom to my sister, Mary Catharine Richter, for and during her natural life and from and after her death then in trust to pay the one-third part of said net annual income or profit to each one of the three children of my said sister herein above mentioned until such child shall attain the age of thirty years and thereupon in trust to pay over and convey to such child absolutely his or her full share, to wit, one third part of the whole estate so devised in trust.” Mary Catharine Richter, the testator’s sister, died September 28, 1885, leaving to survive her a husband, John F. Richter, and three children, Laura E. Richter, William H. Richter and Harriet Richter, now Pawling, the appellant. On March 2,7, 1886, the trustees presented their petition to the orphans’ court of Luzerne county, praying the court to make an order and decree permitting and directing an investment by them as trustees of certain assets in their hands, which were set forth in an exhibit attached to the petition, in purchasing the three equal undivided fourth parts of the said Duncan’s island; this
The allegations of fraud on the part of the trustees are, as was properly said by the learned judge below, “ very general in their character and lack that precision and definiteness of statement always required when fraud is the subject of averment.”
. Though not given as reasons in the appellant’s petition why the decree of which she complains should be set aside, and apparently not advanced in the court below when asked to vacate it, we are urged to do so because, first, the orphans’ court of Dauphin county, in which the island is situated, alone could direct its purchase, and, secondly, as securities of the testator, taken by the trustees for their wards, and not actual money in their hands, were used in its purchase, the orphans’ court had no authority to direct the investment. The Act of April 18, 1853, P. L. 503, relating to the sale of real estate under the direction of the courts, is cited in support of the first reason; but counsel for appellant seems to have confounded a sale by three individuals, selling their own property in their own rights, with one by a trustee or guardian of property held in trust, and which can be sold only under the direction of the court in the instances named and as provided in the act. There was nothing for the orphans’ court of Dauphin county to do in connection with this sale, by individuals, over whose property it had no jurisdiction; but it was for the orphans’ court of Luzerne county, having jurisdiction of the trustees, to authorize their investment of the trust funds, if proper to be made, in real estate, whether situated in that or any other county; and this is what that court did. Objection is made, however, that, as the authority of the court to direct an investment by a trustee in real estate is found in the Act of April 13, 1854, P. L. 368, and, as it speaks of the investment of moneys, the decree of the court is void, because stocks held by the trustees were used in the
As there were no reasons assigned in the petition for setting aside the absolute confirmation of the trustee’s account on September 15, 1899, the court below ought not to have disturbed it, and properly said, “ We are bound to presume that the confirmation of the account referred to was made by the court after due publication and in the ordinary course of procedure.” Nothing need be said as to the alleged multifarious character of the petition, for the other grounds of demurrer were good. Decree affirmed and appeal dismissed at appellant’s costs.
Reference
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- Trusts q,nd trustees — Purchase of land for investment — Order of court— Estoppel — Laches. A person who is injured by fraud must be prompt in seeking redress. Laches and neglect are always discountenanced. Nothing can call a court of chancery into activity but conscience, good faith and reasonable diligence, and where these are wanting, the court is passive and does nothing. A court of equity does not encourage stale claims, and a party may lose his right to complain of a fraud by his delay. Where trustees under an order of the orphans’ court made after a reference to an examiner, and full investigation, purchase land as an investment for the trust estate, one of the cestuis que trust, who was fifteen years old at the time of the purchase, cannot, sixteen years thereafter, and after one of the trustees had been dead for nearly fourteen years, upon mere general charges of fraud in the matter of the sale, claim to have the sale set aside, and the trustees surcharged. In such a case it is no ground for setting aside the sale that one of the sellers chose to take in payment securities belonging to the trust estate instead of money; or that the land purchased was situated in another county than that in which the order was made.