Court Opinion

ID: 3646631
Source: CourtListenerOpinion
Date Created: 2016-07-06 06:02:37.671134+00
Date Added: 2024-06-11T12:07:21.504198
License: Public Domain

Civil action to cancel a voluntary deed of trust.
On 1 December, 1920, the plaintiff, Mrs. Mabel K. Bell, with the written assent of her husband, since divorced, executed a voluntary deed of trust conveying all of her property to R. S. McCoin, trustee, for the use and benefit of herself and her four minor children. *Page 118 
This is a proceeding in equity to cancel said trust deed upon the ground that the same was executed under a misapprehension of the facts — the alleged mistaken facts being set out in detail in the petition — and that the provisions of the trust thereby created have proven to be ill-advised, improvident, and impossible of fulfillment; and further, that said cancellation would not only be to the best interest of all concerned, but irreparable injury and loss will result therefrom unless such equitable relief be granted.
From a judgment for the plaintiff, in accordance with the prayer of her petition, the defendants appealed.
As now advised, we see no reason why the deed in question should not be canceled by order of court, if it should appear, as alleged, that the same was executed under a misapprehension of the facts, and that the provisions of the trust thereby created have proven to be ill-advised, improvident, and impossible of fulfillment; and further, that such a cancellation would be to the best interest of all concerned — resulting in preventing an irreparable loss — but, on the instant record, we must remand the cause, to the end that the facts may be found or established. It is evident that the learned judge signed the present decree with the impression that the material facts were admitted either in the pleadings or on the hearing, but this does not so appear from the answer of the guardian ad litem, and he does not seem to have made any admissions at the hearing, nor does it appear that the defendant McCoin, trustee, made any admissions at the hearing, other than those contained in his answer, which are not sufficient to warrant a finding of the facts as alleged. Ewing v. Wilson (Ind.), 19 L.R.A., 767, and note; 26 R.C.L., 1208.
It appears that J. E. C. Bell, formerly the husband of Mabel K. Bell, has been made a party plaintiff to this action; and that all necessary parties who possibly could have any present interest in the property are properly before the court and asking for the relief sought.
   Remanded. *Page 119