FUTURE INTERESTS - CHARITIES - VALIDITY OF ACCUMULATION FOR CHARITY WHEN IMPRACTICABLE TO ACCUMULATE DESIRED AMOUNT

Authors

Hobart Taylor, Jr., University of Michigan Law SchoolFollow

Abstract

An executor petitioned for instructions under a will which devised the residuary estate to trustees to be accumulated in trust until sufficient to purchase a farm upon which a home for the aged and indigent would be established. The trustees waived all interest in the fund, which amounted to less than two hundred dollars. Held, there is no reasonable prospect of the accumulation becoming sufficient to establish the charity, or to maintain it if it should be established. The contingencies are thus so remote that the trust fails for impracticality. Green v. Parker, (N.H. 1943) 32 A. (2d) 316.

Recommended Citation

Hobart Taylor, Jr., FUTURE INTERESTS - CHARITIES - VALIDITY OF ACCUMULATION FOR CHARITY WHEN IMPRACTICABLE TO ACCUMULATE DESIRED AMOUNT, 42 Mich. L. Rev. 323 (1943).
Available at: https://repository.law.umich.edu/mlr/vol42/iss2/9