The plaintiff established a trust fund, the income from which was to be paid to herself for life, remainder as she should appoint by will or in default of appointment to her next of kin. The trust instrument contained spendthrift provisions, and an express provision against revocation. Subsequently the value of the corpus declined, income dwindled to practically nothing, and plaintiff became practically destitute. Held, the trust, failing to accomplish its purpose, may be terminated. Rehr v. Fidelity-Philadelphia Trust Co., 37 Pa. D. & C. 324 (1939).
Roy L. Rogers,
TRUSTS - POWER OF SETTLOR-BENEFICIARY TO TERMINATE SPENDTHRIFT TRUST,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol39/iss1/26