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COTHAM v. FIRST NAT. BANK OF HOT SPRINGS

No. 84-243.

697 S.W.2d 101 (1985)

287 Ark. 167

Anna COTHAM, Executrix of the Estate of Calvin E. Cotham; et al., Appellants, v. FIRST NATIONAL BANK OF HOT SPRINGS and Richard Cox, Guardian Ad Litem for the Minor and Unborn Heirs at Law of Calvin T. Cotham, Appellees.

Supreme Court of Arkansas.

Rehearing Denied November 12, 1985.

Attorney(s) appearing for the Case

Hoover, Jacobs & Storey by Victor A. Fleming, Little Rock, for appellants.

Cox & MacPhee by Richard L. Cox, Hot Springs, for appellees.

DUDLEY, Justice.

Calvin T. Cotham created a testamentary trust. After his death his son, Calvin E. Cotham, and one of his granddaughters, Anna Cotham, filed suit against the trustee and the other granddaughter and grandson alleging that the trust violated the rule against perpetuities. The trust provides a lifetime income of $300.00 per month for the son, and at his death, $100.00 per month to each of three named grandchildren. At the death of the first grandchild...

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