SHENANDOAH VALLEY NATIONAL BANK V. TAYLOR
192 Va. 135, 63 S.E.2d 786 (1951)
NATURE OF THE CASE: This was an action challenging a bequest in a will. Shenandoah (D),
executor and trustee, sought review of the judgment which held that a trust created by the
testator's will was not charitable but a private trust and thus void as violative of the
rule against perpetuities.
FACTS: Testator executed a will in which he left the residue of his estate in trust.
Funds from the trust were to be distributed to children attending a certain public school
for the purpose of furthering their education. One of Testator's heirs (P) sued to overturn
this portion of the will as creating an invalid charitable trust.
ISSUE:
RULE OF LAW:
HOLDING AND DECISION:
LEGAL ANALYSIS:
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