Opinion ID: 2331686
Heading Depth: 1
Heading Rank: 8

Heading: control over investments

Text: This leaves for consideration only the matter of the control over investments that was retained by the settlors. In this regard, it will suffice to say that the reservation of a qualified or limited control over investments, such as we have in this suit, in addition to a reservation of a life interest in the income and power of revocation, does not invalidate the trust. Bear v. Millikin Trust Co., supra ; Restatement of the Law, Trusts, Sec. 57, Comment g; 32 A.L.R.2d ps. 1276, 1285; Talbot v. Talbot (R.I.), 78 A. 535; Stouse v. First Nat'l Bk. (Ky.), 245 S.W.2d 914. What we have said above concerning the Deed of Trust dated December 29, 1938, applies with equal force to the instrument dated April 2, 1943, executed by Louis Schloss; and, the document of November 25, 1946, merely released the qualified power of the settlor over the control of investments. Finding no error in the decree of the learned Chancellor below, it will be affirmed. Decree affirmed, with costs.