Case Name: BALLANTINE et al. v. BALLANTINE et al.
Court: United States Court of Appeals for the Third Circuit
Jurisdiction: United States
Decision Date: 1908-02-18
Citations: 160 F. 927
Docket Number: No. 52
Parties: BALLANTINE et al. v. BALLANTINE et al.
Judges: Before DARLAS, GRAY, and BUFFINGTON, Circuit Judges.
Reporter: Federal Reporter
Volume: 160
Pages: 927–928

Head Matter:
BALLANTINE et al. v. BALLANTINE et al.
(Circuit Court of Appeals, Third Circuit.
February 18, 1908.
On Rehearing, March 26, 1908.)
No. 52.
Trusts — Legal Estates — Vesting in Beneitciart.
A bequest to executors, in trust to pay the income to a son until such time as they think proper to pay him the principal, is valid, and the son is not entitled to demand the principal immediately, or on reaching his majority.
Appeal from the Circuit Court of the United States for the District of New Jersey.
Reynolds D. Brown and John G. Johnson, for appellants.
John O. H. Pitney and R. V. Lindahury, for appellees.
Before DARLAS, GRAY, and BUFFINGTON, Circuit Judges.

Opinion:
PER CURIAM.
This case has been thoroughly presented by counsel and has received our careful consideration. But nothing could profitably he added to the opinion of the learned judge below. We concur in his conclusion, and think he adequately sustained it. Ballantine v. Ballantine (C. C.) 152 Fed. 775. The contention that a bequest to executors, in trust to pay the income to a son until such time as they think proper to pay him the principal, entitles the son to demand the principal immediately, or on reaching his majority, has been strongly urged, and is not wholly unsupported by judicial decision; but there are decisions likewise to the contrary, and we are of opinion that, in the absence of binding authority, the position taken by the Circuit Court should be upheld.
The decree is affirmed.