Tiffany
Tiffany v. Citizens National Bank
Opinion
Lead Opinion
Stone, J.
This appeal from a decree determining interests in an estate,, presents a question of the manner in which the rule against perpetuities (Civ. Code, § 715.2) is to be applied to general testamentary powers of appointment. The case was tried before the 1963 amendments to the Civil *197 Code pertaining to the rule against perpetuities became effective.
Jeannette Miller Bird and Geoffrey Andrew Bird, her husband, executed their wills simultaneously February 17, 1961.
Jeanette died June 16, 1961, and her will, which was admitted to probate, provided, insofar as here pertinent: “2. This trust shall exist and continue for and during the life of my said husband, GEOFFBEY AND BE W BIBD, and shall eease and terminate upon his death. I give and grant to my husband the exclusive power to dispose of the corpus, and undistributed income, under the terms of his Last Will and Testament, and should he have failed to exercise this power as aforesaid, or should his said Last Will and Testament be deemed invalid for any reason whatsoever, then the corpus and any undistributed income shall become a part of the estate of my said husband, and shall be distributed to his heirs at law according to the…