Opinion ID: 1941403
Heading Depth: 1
Heading Rank: 3

Heading: The Art Hadley Testamentary Trust

Text: Through his will, dated January 24, 1933, and amended by two codicils, Art Hadley established the Art Hadley Testamentary Trust, consisting of the residue of his estate. The Art Hadley Testamentary Trust provided that upon the death of the survivor of Art Hadley and his wife, Frances Hadley, the trust was to continue for the benefit of his children, Thomas Hadley and Sarah Hadley. The trust was to terminate upon the death of the last survivor of his children, at which time the corpus was to be distributed in fee simple to the children and issue then living of his two children, in equal shares per stirpes. Unlike the Art Hadley Living Trust, the Art Hadley Testamentary Trust did not contain a failure provision. C