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OHIO NATIONAL BANK OF COLUMBUS v. ADAIR

No. 77-303.

54 Ohio St. 2d 26 (1978)

THE OHIO NATIONAL BANK OF COLUMBUS ET AL., APPELLEES, v. ADAIR ET AL., APPELLANTS

Supreme Court of Ohio.

Decided April 5, 1978.

Attorney(s) appearing for the Case

Messrs. Tingley, Hurd & Emens and Mr. John B. Tingley, for appellees The Ohio National Bank of Columbus et al.

Messrs. Vorys, Sater, Seymour & Pease, Mr. Robert E. Leach and Mr. Richard R. Stedman, for appellees Maribel H. Finnell, Michael H. Finnell, Patricia Kulha and Lesley Hartman Finnell.

Mr. Fred G. Preston, for appellees Carter Hartman Finnell and Hunter Vogel Finnell.

Messrs. Kincaid, Palmer & Randall and Mr. James R. Moats, for appellants Barry J. Adair et al.

Messrs. George, Greek, King, McMahon & McConnaughey, Mr. William R. Case and Mr. David C. Stradley, for appellant Stephen J. Vergamini, Trustee.

LOCHER, J.

The cardinal question presented is whether the trust will terminate upon the renunciation and the relinquishment of the income received by the sole remaining income beneficiary, Maribel, and the distribution of the trust corpus shall thereby be accelerated and distributed to her children, Michael and Patricia.

The doctrine of acceleration, as applied to the law of property, refers to the hastening of the owner of a future interest towards a status...

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