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MCKEAN ESTATE (01/02/51)

January 2, 1951

MCKEAN ESTATE


Appeal, No. 264, Jan. T., 1950, from decree of Orphans' Court of Philadelphia County, 1949, No. 2490, in Estate of Thomas McKean, Deceased. Decree affirmed.

COUNSEL

J. B. H. Carter, with him Wilbur H. Haines, Jr., for appellant.

James E. Gallagher, Jr., with him Gerald Ronon and Stradley, Ronon, Stevens & Young, for Fidelity-Philadelphia Trust Co., Trustee, appellee.

Frank C. P. McGlinn, for trustee ad litem.

Before Drew, C.j., Stearne, Jones, Bell and Chidsey, JJ.

Author: Stearne

[ 366 Pa. Page 194]

OPINION BY MR. JUSTICE ALLEN M. STEARNE

The question raised by this appeal is whether a surviving spouse, by an election under Sec. 11 of the Estates Act of April 24, 1947, P.L. 100, 20 PS 301.11, may secure an intestate share of her deceased husband's revocable inter vivos trust which was erected prior to the passage of this Act.

On March 14, 1947 settlor, Thomas McKean, executed the deed of trust in question. While for the present purpose all of its terms need not be recited, it transferred certain income to this appellant. Settlor reserved certain portions of the income to himself. He also reserved the right to alter, revoke or change the trust, but which right he never exercised. On the same day as the date of the deed, March 14, 1947, he executed his will, wherein he made no provision for appellant. He died July 30, 1949. The will was probated August 3, 1949. Appellant, the widow, elected to take against the will under Sec. 8 of the Wills Act of April 24, 1947 P.L. 89, 20 PS 180.8, supplemented by her election under Sec. 11 of the Estates Act of 1947, supra.

Sec. 11 of the Estates Act of 1947, supra, reads as follows: "A conveyance of assets by a person who retains a power of appointment by will, or a power of revocation or consumption over the principal thereof, shall at the election of his surviving spouse, be treated as a testamentary disposition so far as the surviving spouse is concerned to the extent to which the power has been reserved, but the right of the surviving spouse shall be subject to the rights of any income beneficiary whose interest in income becomes vested in enjoyment prior to the death of the conveyor."

Sec. 21 of the Act fixed its effective date in these words: "This act shall take effect on the first day of

[ 366 Pa. Page 195]

January, one thousand nine hundred forty-eight and except as set forth in section 3 hereof, shall apply only to conveyances effective on or after that day. As to conveyances effective before that day, the ...


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