Margo Had Only One Son, and Her Husband Had Predeceased

question 30

Essay

Margo had only one son, and her husband had predeceased her. The son was reckless and extravagant, but Margo loved him dearly. She left all her property to a trustee in trust for her son and provided that the trust was a spendthrift trust. Margo further provided that the income from the trust was to be paid to her son quarterly until he reached the age of 30 at which time the full trust corpus was to be paid over to him. After Margo's death and before the son had reached the age of 30, the son signed a contract that purported to transfer the entire trust corpus to a finance company. The son was paid for this. The son had also run up many unpaid bills on which he was sued and judgments entered against him. The finance company and the other judgment creditors are seeking to compel the trustee to turn over the trust corpus to them. Decide.

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Definitions:

Social Identity Threat

The discomfort one feels when their group identity is perceived to be devalued or threatened.

Acting White

A term used to describe a situation where individuals of non-white ethnicity are perceived to adopt the cultural traits or behaviors typical of white Americans.

Prejudice

Preconceived opinion that is not based on reason or actual experience, often manifested by discriminatory behavior.

Confront

To face in hostility or defiance; to oppose or challenge someone or something directly.