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HARRIS TRUST AND SAV. BANK v. ELLIS

Nos. 85-2963, 85-3059.

810 F.2d 700 (1987)

HARRIS TRUST AND SAVINGS BANK, as Executor of the Estate of Mary Ellis, Plaintiff-Appellant-Cross-Appellee, v. James ELLIS, et al., Defendants-Appellees-Cross-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 27, 1987.

Attorney(s) appearing for the Case

Thomas A. Doyle, Baker & McKenzie, Chicago, Ill., for plaintiff-appellant-cross-appellee.

Brian J. Redding, Chadwell & Kayser, Ltd., Michael L. Brody, Schiff, Hardin & Waite, Joseph E. Coughlin, Lord, Bissell & Brook, Chicago, Ill., for defendants-appellees-cross-appellants.

Before CUDAHY, EASTERBROOK and RIPPLE, Circuit Judges.

EASTERBROOK, Circuit Judge.

When Oscar Ellis died in 1968, his will apportioned his estate between a marital trust for the benefit of his wife Mary and a residuary trust for the benefit of Mary and his two children. The estate's principal assets were four farms and stock in three closely held corporations. Oscar had founded one of these, Moline Consumers Co., in 1917, and working control had passed to his son James by the time of Oscar's death. James was also a member...

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