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Partial Spendthrift Trusts
Volume 50 Issue 3 Dickinson Law Review - Volume 50, 1945-1946 3-1-1946 Partial Spendthrift Trusts William G. Williams Follow this and additional works at: https://ideas.dickinsonlaw.psu.edu/dlra Recommended Citation William G. Williams, Partial Spendthrift Trusts, 50 DICK. L. REV. 79 (1946). Available at: https://ideas.dickinsonlaw.psu.edu/dlra/vol50/iss3/1 This Article is brought to you for free and open access by the Law Reviews at Dickinson Law IDEAS. It has been accepted for inclusion in Dickinson Law Review by an authorized editor of Dickinson Law IDEAS. For more information, please contact [email protected]. Dickinson Law Review Published October, January, March and May by Dickinson Law Students Vol. L. March, 1946 Number 3 Subscription Price $2.00 Per Annum 75 Cents Per Number EDITORIAL STAFF WILLIAM G. WILLIAMS, Editor in Chief JOHN L. BIGELOW, Associate Editor HARRY SPEIDEL, Associate Editor WALTER H. HITCHLER, Faculty Edtior BUSINESS STAFF GEORGE R. LEwis, Business Manager ROBERT S. SMULOWITZ, Assistant Manager HENRY LANKFORD, Assistant Manager JOSEPH P. MCKEEHAN, Faculty Manager PARTIAL SPENDTHRIFT TRUSTS by William G. Williams A spendthrift trust is a trust in which both voluntary and involuntary alienation are restricted, i.e., the benefiiciary cannot assign his interest (voluntary alienation) and the beneficiary's creditors cannot attach his interest for his debts and liabilities (involuntary alienation). Or, as stated in In re Keeler's Estate, 3A. (2d) 413 (Pa.), a spendthrift trust "exists where there is an express provision forbidding anticipatory alienation and attachments by creditors." In case of a legal life estate it is the general rule that a direct restraint upon alienation, vol- untary or involuntary, is invalid; but in most jurisdictions, the settlor of a trust may impose both of these restraints upon the equitable estate and they will be given effect, at least where there is provision, express or implied, against both. -
Spendthrift Trusts and Public Policy: Economic and Cognitive Perspectives
Washington University Law Review Volume 73 Issue 1 January 1995 Spendthrift Trusts and Public Policy: Economic and Cognitive Perspectives Adam J. Hirsch Florida State University Follow this and additional works at: https://openscholarship.wustl.edu/law_lawreview Part of the Estates and Trusts Commons, and the Law and Economics Commons Recommended Citation Adam J. Hirsch, Spendthrift Trusts and Public Policy: Economic and Cognitive Perspectives, 73 WASH. U. L. Q. 1 (1995). Available at: https://openscholarship.wustl.edu/law_lawreview/vol73/iss1/1 This Article is brought to you for free and open access by the Law School at Washington University Open Scholarship. It has been accepted for inclusion in Washington University Law Review by an authorized administrator of Washington University Open Scholarship. For more information, please contact [email protected]. Washington University Law Quarterly VOLUME 73 NUMBER 1 1995 ARTICLES SPENDTHRIFT TRUSTS AND PUBLIC POLICY: ECONOMIC AND COGNITIVE PERSPECTIVES ADAM J. HIRSCH" TABLE OF CONTENTS INTRODUCTION .. .................................... 1 I. VOLUNTARY ALIENATION ............................. 9 A. Economic Perspectives ........................... 9 B. The Psychology of Saving ......................... 17 C. The Psychology of Inheritance ...................... 33 D. The Problem of Paternalism ....................... 44 II. INVOLUNTARY ALIENATION .......................... 56 III. EXCEPTIONS .................................... 72 CONCLUSION ........................................ 92 -
Omaha Beach out of Derby with Entrapped Epiglottis
THURSDAY, MAY 2, 2019 WEDNESDAY’S TRACKSIDE DERBY REPORT OMAHA BEACH OUT OF by Steve Sherack DERBY WITH ENTRAPPED LOUISVILLE, KY - With the rising sun making its way through partly cloudy skies, well before the stunning late scratch of likely EPIGLOTTIS favorite Omaha Beach (War Front) rocked the racing world, the backstretch at Churchill Downs was buzzing on a warm and breezy Wednesday morning ahead of this weekend’s 145th GI Kentucky Derby. Two of Bob Baffert’s three Derby-bound ‘TDN Rising Stars’ Roadster (Quality Road) and Improbable (City Zip) were among the first to step foot on the freshly manicured surface during the special 15-minute training window reserved for Derby/Oaks horses at 7:30 a.m. Champion and fellow ‘Rising Star’ Game Winner (Candy Ride {Arg}) galloped during a later Baffert set at 9 a.m. Cont. p3 IN TDN EUROPE TODAY Omaha Beach & exercise rider Taylor Cambra Wednesday morning. | Sherackatthetrack CALYX SENSATIONAL IN ROYAL WARM-UP Calyx (GB) (Kingman {GB}) was scintillating in Ascot’s Fox Hill Farms’s Omaha Beach (War Front), the 4-1 favorite for G3 Pavilion S. on Wednesday. Saturday’s GI Kentucky Derby Presented by Woodford Reserve, Click or tap here to go straight to TDN Europe. will be forced to miss the race after it was discovered that he has an entrapped epiglottis. “After training this morning we noticed him cough a few times,” Hall of Fame trainer Richard Mandella said. “It caused us to scope him and we found an entrapped epiglottis. We can’t fix it this week, so we’ll have to have a procedure done in a few days and probably be out of training for three weeks. -
Testimony of Marty Irby Executive Director Animal Wellness Action Before the U.S
Testimony of Marty Irby Executive Director Animal Wellness Action before the U.S. House Subcommittee on Commerce and Consumer Protection H.R. 1754, "The Horseracing Integrity Act" January 28, 2020 On behalf of Animal Wellness Action, one of the nation's leading animal protection organizations on Capitol Hill, I submit this testimony in support of H.R. 1754, the Horseracing Integrity Act. I express my sincere thanks to Chair Jan Schakowsky and Ranking Member Cathy McMorris Rodgers for conducting this hearing and offer special thanks to Representatives Paul Tonko, and, Andy Barr for introducing this reform effort. I also express thanks to Energy and Commerce Committee Chair Frank Pallone and Ranking Member Greg Walden for their participation in this process. This hearing builds on the testimony and other information gathered during the 2018 hearing conducted before the Subcommittee on H.R. 2651 in the 115th Congress. I first want to underscore that Animal Wellness Action does not oppose horseracing. We join with many horse owners, breeders, trainers, and racing enthusiasts in speaking out on the broader topic of the protection of horses within the American horseracing industry and across the greater equine world. We seek to promote the proper stewardship of horses at every stage of their lives, including during their racing careers. We are deeply concerned about on- and off- track risks to the horses, including catastrophic injuries sustained during racing. America was built on the backs of horses, and they have always played a central role in the economy and culture of the United States. We owe them a debt of gratitude, and the very least we must do is ensure their safety, welfare, and protection. -
Owners, Kentucky Derby (1875-2017)
OWNERS, KENTUCKY DERBY (1875-2017) Most Wins Owner Derby Span Sts. 1st 2nd 3rd Kentucky Derby Wins Calumet Farm 1935-2017 25 8 4 1 Whirlaway (1941), Pensive (’44), Citation (’48), Ponder (’49), Hill Gail (’52), Iron Liege (’57), Tim Tam (’58) & Forward Pass (’68) Col. E.R. Bradley 1920-1945 28 4 4 1 Behave Yourself (1921), Bubbling Over (’26), Burgoo King (’32) & Brokers Tip (’33) Belair Stud 1930-1955 8 3 1 0 Gallant Fox (1930), Omaha (’35) & Johnstown (’39) Bashford Manor Stable 1891-1912 11 2 2 1 Azra (1892) & Sir Huon (1906) Harry Payne Whitney 1915-1927 19 2 1 1 Regret (1915) & Whiskery (’27) Greentree Stable 1922-1981 19 2 2 1 Twenty Grand (1931) & Shut Out (’42) Mrs. John D. Hertz 1923-1943 3 2 0 0 Reigh Count (1928) & Count Fleet (’43) King Ranch 1941-1951 5 2 0 0 Assault (1946) & Middleground (’50) Darby Dan Farm 1963-1985 7 2 0 1 Chateaugay (1963) & Proud Clarion (’67) Meadow Stable 1950-1973 4 2 1 1 Riva Ridge (1972) & Secretariat (’73) Arthur B. Hancock III 1981-1999 6 2 2 0 Gato Del Sol (1982) & Sunday Silence (’89) William J. “Bill” Condren 1991-1995 4 2 0 0 Strike the Gold (1991) & Go for Gin (’94) Joseph M. “Joe” Cornacchia 1991-1996 3 2 0 0 Strike the Gold (1991) & Go for Gin (’94) Robert & Beverly Lewis 1995-2006 9 2 0 1 Silver Charm (1997) & Charismatic (’99) J. Paul Reddam 2003-2017 7 2 0 0 I’ll Have Another (2012) & Nyquist (’16) Most Starts Owner Derby Span Sts. -
Table of Contents Meet-At-A-Glance
Santa Anita Park 2017 Spring Media Guide Table of Contents Meet-At-A-Glance . 2 The Gold Cup at Santa Anita . 28-29 Information Resources . 3 Honeymoon Stakes . 30-31 Santa Anita Spring Attendance and Handle . 4 Kona Gold Stakes . 31 Santa Anita Spring Opening Day Statistics . 4 Landaluce Stakes . 32-33 Michael Wrona Biography . 4 Lazaro Barrera Stakes . 33 Santa Anita Spring Meet Attendance . 5 Lennyfrommalibu Stakes . 33 Santa Anita Spring 2016 Meet Handle, Payoffs & Top Five Days . 5 Los Angeles Stakes . 34-35 Santa Anita Spring Meet Annual Media Poll . 6 Melair Stakes . 36 Santa Anita Track Records . 7 Monrovia Stakes . 36 Leaders at Previous Santa Anita Spring Meets . 8 Precisionist Stakes . 37-38 Santa Anita 2016 Spring Meet Standings . 9 San Carlos Stakes . 38-39 Roster of Santa Anita Jockeys . 10 San Juan Capistrano Stakes . 40-41 Roster of Santa Anita Trainers . 11 Santa Anita Juvenile . 42-43 2016 Santa Anita Spring Meet Stakes Winners . 12 Santa Barbara Stakes . 44-45 2016 Santa Anita Spring Meet Longest Priced Stakes Winners . 12 Senorita Stakes . 46 Stakes Histories . 13 Shoemaker Mile . 47-48 Adoration Stakes . 14-15 Snow Chief Stakes . 49 Affirmed Stakes . 15 Summertime Oaks . 50-51 American Stakes . 16-17 Thor's Echo Stakes . 51 Beholder Mile . 18-19 Thunder Road Stakes . 51 Californian Stakes . 20-21 Wilshire Stakes . 52 Charles Whittingham Stakes . 22 Satellite Wagering Directory . 53 Crystal Water Stakes . 23 Los Angeles Turf Inc . Club Officers/Administration . 54-55 Daytona Stakes . 23 Visitors Guide/Map of Los Angeles Freeways . 56 Desert Stormer Stakes . 24 Local Hotels and Restaurants . -
Quiet Now Makes Noise at Keeneland Drosselmeyer
THURSDAY, NOVEMBER 10, 2011 732-747-8060 $ TDN Home Page Click Here QUIET NOW MAKES NOISE AT KEENELAND DROSSELMEYER DECISION DUE NEXT WEEK Seth Hancock of Claiborne Farm had to wait until Officials at WinStar Farm will make a decision on the nearly the end of Wednesday=s third session of the future of GI Breeders= Cup Classic hero Drosselmeyer Keeneland November sale, but he was finally able to (Distorted Humor) sometime next week, according to a purchase a mare release from the farm. The 4-year-old was originally set from the sought-after to retire to stud in New York in 2012, but those plans offerings of Ned have been rescinded, Evans=s Spring Hill owing to a clause in the Farm disperal. contract which allowed Hancock, sitting in for flexibility were the the second row of colt to win the Classic. the sales pavilion, AAll options are open for outlasted a Drosselmeyer, and we determined Greg expect to make a Goodman from Mt. decision by some time Brilliant Farm, sitting next week,@ said Elliott Drosselmeyer Horsephotos just across the aisle, Walden, WinStar with a final bid of President & CEO. AOur phone has been ringing off the $1.85 million to hook since Saturday's big win, including Mike Smith acquire Quiet Now lobbying to keep the horse in training. So we're (TiznowBQuiet weighing all of our options and will do what we feel is Dance, by Quiet best for Drosselmeyer and WinStar.@ With his victory at American) on behalf Churchill Downs, Drosselmeyer became his sire=s all- of Claiborne and time leading money winner and took his earnings to Quiet Now Keeneland photo Adele Dilschneider. -
The Horse-Breeder's Guide and Hand Book
LIBRAKT UNIVERSITY^' PENNSYLVANIA FAIRMAN ROGERS COLLECTION ON HORSEMANSHIP (fop^ U Digitized by the Internet Archive in 2009 with funding from Lyrasis IVIembers and Sloan Foundation http://www.archive.org/details/horsebreedersguiOObruc TSIE HORSE-BREEDER'S GUIDE HAND BOOK. EMBRACING ONE HUNDRED TABULATED PEDIGREES OF THE PRIN- CIPAL SIRES, WITH FULL PERFORMANCES OF EACH AND BEST OF THEIR GET, COVERING THE SEASON OF 1883, WITH A FEW OF THE DISTINGUISHED DEAD ONES. By S. D. BRUCE, A.i3.th.or of tlie Ainerican. Stud Boole. PUBLISHED AT Office op TURF, FIELD AND FARM, o9 & 41 Park Row. 1883. NEW BOLTON CSNT&R Co 2, Entered, according to Act of Congress, in the year 1883, By S. D. Bruce, In the Office of the Librarian of Congress, at Washington, D. C. INDEX c^ Stallions Covering in 1SS3, ^.^ WHOSE PEDIGREES AND PERFORMANCES, &c., ARE GIVEN IN THIS WORK, ALPHABETICALLY ARRANGED, PAGES 1 TO 181, INCLUSIVE. PART SECOISTD. DEAD SIRES WHOSE PEDIGREES AND PERFORMANCES, &c., ARE GIVEN IN THIS WORK, PAGES 184 TO 205, INCLUSIVE, ALPHA- BETICALLY ARRANGED. Index to Sires of Stallions described and tabulated in tliis volume. PAGE. Abd-el-Kader Sire of Algerine 5 Adventurer Blythwood 23 Alarm Himvar 75 Artillery Kyrle Daly 97 Australian Baden Baden 11 Fellowcraft 47 Han-v O'Fallon 71 Spendthrift 147 Springbok 149 Wilful 177 Wildidle 179 Beadsman Saxon 143 Bel Demonio. Fechter 45 Billet Elias Lawrence ' 37 Volturno 171 Blair Athol. Glen Athol 53 Highlander 73 Stonehege 151 Bonnie Scotland Bramble 25 Luke Blackburn 109 Plenipo 129 Boston Lexington 199 Breadalbane. Ill-Used 85 Citadel Gleuelg... -
Bridging the Gap: Curlin=S Turf Frontier
FRIDAY, 15 FEBRUARY 2019 BLUE ON POINT AT MEYDAN BRIDGING THE GAP: By Kelsey Riley = Last year=s G1 King=s Stand S. winner Blue Point (Shamardal) CURLIN S TURF FRONTIER towered above his G2 Meydan Sprint rivals on paper, and he ran to form on Thursday to win eased down by five lengths on seasonal debut. The 5-year-old will now target the G1 Al Quoz Sprint on Mar. 30. He was scratched behind the gate of that contest last year as the favourite after blood was discovered in his nostrils. Rerouted to Hong Kong=s G1 Chairman=s Sprint Prize over six furlongs a month later, the >TDN Rising Star= trailed home last of nine but he looked much more like himself back to five furlongs in the King=s Stand in June, winning by 1 3/4 lengths from the highly regarded Battaash (Ire) (Dark Angel {Ire}). Back up to six for the July Cup, he was beaten 4 3/4 lengths in seventh and was 2 1/4 lengths off the near dead heat of Alpha Delphini (GB) (Captain Gerrard {Ire}) and Mabs Cross (GB) (Dutch Art {GB}) when third when last seen in the G1 Nunthorpe S. in August. Sitting back in third on Thursday as Faatinah (Aus) (Nicconi Curlin has been chosen as the first mate {Aus})Bhis closest-rated rival and the winner of a handicap over for Lady Aurelia | Sarah Andrew this track and trip on Jan. 3Bset the pace, Blue Point responded when given a shake of the reins by William Buick at the 300- meter mark. -
The Derby Dispatch
THE DERBY DISPATCH Contacts: Darren Rogers (502) 636-4461(o), (502) 345-1030 (m) or [email protected] @DerbyMedia Kevin Kerstein (502) 635-4712 (o), (610) 420-6971 (m) or [email protected] @HorseRacingKK _________________________________________________________________________________________________________ WAR OF WILL GOES FOR FAIR GROUNDS Mucho Gusto, trained by Hall of Famer Bob Baffert PREPS SWEEP IN TWINSPIRES.COM defeated four rivals by 4 ¾ lengths in the Robert B. Lewis at Santa Anita. The son of Mucho Macho Man only has one LOUISIANA DERBY blemish on his four-race resume – a runner-up effort behind top Kentucky Derby contender Improbable in the Los LOUISVILLE, Ky. (Thursday, March 21, 2019) – No rival Alamitos Futurity (GI). has yet made a dent in War of Will ‘s leadership of the 3-year- The chief competitor to Mucho Gusto is synthetic-track old division in New Orleans this winter, but 10 will make a specialist Anothertwistafate who will make only his second- belated attempt to do so Saturday in the $1 million career try on the dirt following three runaway scores at Golden TwinSpires.com Louisiana Derby (Grade I) at Fair Grounds. Gate Fields in northern California. The 1 1/8-mile Louisiana Derby is the finale on a 13-race Trained by Blaine Wright , the speedy Anothertwistafate program and is the first Road to the Kentucky Derby series only try on the dirt was his career debut at Santa Anita where race that will award qualifying points of 100-50-20-10 to the he finished ninth. top four finishers. The Sunland Derby, which is carded as Race 11 on Sunland War of Will is already safely in the Churchill Downs classic Park’s 12-race program, has a scheduled post time of 7:30 p.m. -
Parents Warned , HI Have a Wonderful I You've Taken a Brush CARTERET - I'll E Boiid of I Io Reproduce Some- Health Has Taken Action to Set U;J ; I'.Mvass
{complete Local News Astride All The Activities Top Advertising Results (,f The Town With Your Our FBmily Of Over 9,000 Reader* Home-Town Paper Is A Valuable Market For All Our Advertiser! ,,-, XXXVI—NO. 22 CARTERET, N. J., FRIDAY, SEPTEMBER 13, 1957 PRICE EIOHT CENTS WINGS Flu Battle gchooi Boar(j Aroused OF Is Mapped LIFE „, II I IAN POLLAK in Borough Over $600 Vandalism IHTUH1 will In* (iivon ., i dry say Is an Ideal ,m Df'i'd nn talent or To Ksscntiul Workers j ,. I,I work with a brush Hero, YaiTlieski Suva Bill; Parents Warned , HI have a wonderful i you've taken a brush CARTERET - I'll e Boiid of i io reproduce some- Health has taken action to set U;J ; I'.mvass. even without machinery to combat what il ex- ! ;.. siirrrss, your hand perts to be a major outbreak of Nearly All Shore Crssl ;Public- Property • ;.)!! to try again. Asiatic flu this fall or winter. Health omcrr Michael Yar- Homes Already Occupied Instruction Hits .lie staylnR In, have • cheski revealed todiiv that the • read and there Isn't board lias purchased protective CARTERET—When all homos The past 10 years have seen ,vi> to do. you can vaccine for borough employes in in the Shore Crest development a great influx of new residents. All laxpayers essential services. The vaccine i;nt That's the advice are occupied. Carteret will have Somr M0 homes have Rone up In arrived this wcik. CARTERET — Aroused by an ;..rived from ft friend an 'additional population of 1,- the Parkview development and , ;us hobby seriously. -
2018 Media Guide NYRA.Com 1 FIRST RUNNING the First Running of the Belmont Stakes in 1867 at Jerome Park Took Place on a Thursday
2018 Media Guide NYRA.com 1 FIRST RUNNING The first running of the Belmont Stakes in 1867 at Jerome Park took place on a Thursday. The race was 1 5/8 miles long and the conditions included “$200 each; half forfeit, and $1,500-added. The second to receive $300, and an English racing saddle, made by Merry, of St. James TABLE OF Street, London, to be presented by Mr. Duncan.” OLDEST TRIPLE CROWN EVENT CONTENTS The Belmont Stakes, first run in 1867, is the oldest of the Triple Crown events. It predates the Preakness Stakes (first run in 1873) by six years and the Kentucky Derby (first run in 1875) by eight. Aristides, the winner of the first Kentucky Derby, ran second in the 1875 Belmont behind winner Calvin. RECORDS AND TRADITIONS . 4 Preakness-Belmont Double . 9 FOURTH OLDEST IN NORTH AMERICA Oldest Triple Crown Race and Other Historical Events. 4 Belmont Stakes Tripped Up 19 Who Tried for Triple Crown . 9 The Belmont Stakes, first run in 1867, is one of the oldest stakes races in North America. The Phoenix Stakes at Keeneland was Lowest/Highest Purses . .4 How Kentucky Derby/Preakness Winners Ran in the Belmont. .10 first run in 1831, the Queens Plate in Canada had its inaugural in 1860, and the Travers started at Saratoga in 1864. However, the Belmont, Smallest Winning Margins . 5 RUNNERS . .11 which will be run for the 150th time in 2018, is third to the Phoenix (166th running in 2018) and Queen’s Plate (159th running in 2018) in Largest Winning Margins .