Case Name: Anderson, McLane & Co. v. Waters' Trustee, et al.
Court: Kentucky Court of Appeals
Jurisdiction: Kentucky
Decision Date: 1868-10-19
Citations: 2 Ky. Op. 609
Docket Number: 
Parties: Anderson, McLane & Co. v. Waters' Trustee, et al.
Judges: 
Reporter: Kentucky Opinions, containing the unreported opinions of the Court of Appeals
Volume: 2
Pages: 609–610

Head Matter:
Anderson, McLane & Co. v. Waters' Trustee, et al.
Trusts — Estate Created — Perpetuities—Word “Heirs” used, Synonomous With that of Children.
A grantor in creating a trust directed that the fund “be invested in business in the county of Jefferson, the profits to be applied to the payment of the necessary expenses first, and next to the maintenance of said Elizabeth and her heirs:” Held that the word “heirs” was used as synonomous to that of children.
Same.
Such a fund would not be subject to the debts of the husband, created not as trustee of the fund.
APPEAL EROM JEEEERSON CHANCERY COURT.
October 19, 1868.
Bulloch and Anderson, for appellant.
Dawson, Harney, for appellee.

Opinion:
Opinion oe the Court by
Judge Williams:
It is palpable that tbe grantor in tbe deed of trust used tbe word heirs as synonomous to that of children,, as will be seen from the direction that the fund "be invested in business in the county of of Jefferson, the profits to be applied to the payment of the necessary expenses first and next to the maintenance of said Elizabeth and her heirs."
Elizabeth Waters then had four children, it was the object of her father the grantor to secure this fund for their maintenance, not subject to the husband's debts, nor to his marital rights.
The fund itself should not therefore be subjected to his previous creditors not as trustee, but this should not be a cover to shield his own property therefrom. We concur with the commissioner and court that there would be no profits after supporting Elizabeth and her children.
Judgment affirmed on appeal and cross-appeal.