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Wills, Trusts & Estates keyed to Dobris
Shenandoah Valley National Bank v. Taylor
Facts
Henry created a trust where the trustee was to distribute a share of the income of the trust each year on the last day before Easter and Christmas, to each child in the first, second, and third grades of the John Kerr School of the City of Winchester, in equal parts. The trustee must divide the trust income and pay one of such equal share to each child in such grades. The settlor instructs the trustee to distribute a share of the income to each child to be used by that child in the furtherance of his or her obtainment of an education. The court determines whether the trust is a charitable or void as a private trust that violates the rule against perpetuities.
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