Court Opinion

ID: 3871073
Source: CourtListenerOpinion
Date Created: 2016-07-06 09:05:28.751731+00
Date Added: 2024-06-11T07:41:41.575108
License: Public Domain

In this case, the father deposited a sum of money in the savings bank in his own name, as trustee for his minor daughter, one of the petitioners. The father is dead. The daughter, still a minor, is married, and the husband and wife join in petitioning for the appointment of a trustee.
It is not necessary to consider whether, independently of our statute, the husband could control this property, as by Gen. Stat. R.I. cap. 152, it is secured to the wife.
A trustee is to be appointed, but we think the decree should protect the interest of the minor wife by providing that the trustee shall pay to her only the interest, until further order of court.
If the deposit was in the wife's name without any trust, she could, after she became of age, but not before, withdraw it. Gen. Stat. R.I. cap. 152, § 3, relating to the property of married women, which empowers a married woman to receive and receipt for her own property, does not cover the case of a minor wife, and marriage does not convert a minor into a major. The case of a married woman, or minor, who personally makes a deposit, is provided for specially by Gen. Stat. R.I. cap. 140, § 58.
We think, therefore, we should be carrying out the spirit and intention of the law by making the provision we have mentioned.
Decree appointing a trustee, and providing that said"trusteehold the principal sum of said investment in theProvidence Institution for Savings, as it stood at the time ofand including the last dividend thereon . . . . for the benefitof said wife, and *Page 420 with power to pay over to said wife, from time to time, uponher receipt, the income of said principal sum fixed as above,but no part of said principal until further order of court."
NOTE BY THE REPORTER. — On motion made after the petition was filed, a portion of the deposit was set apart by the court for investment in improving and repairing the realty of the wife. The omitted portion of the decree has reference to this investment.