Feighan v. Reeves

Citations

• 61 Wash. 465
• 112 P. 627

Syllabus

<p>Accounting — Trusts—Interest. Upon an accounting of a trust running over many years, the trustee should not be charged interest ■on sums received which were by him applied to the payment of interest-bearing obligations, he having reaped no personal benefit from the trust funds, and the owners of the funds not having sustained the loss of their use; but he is liable for interest on sums received and not accounted for by him.</p> <p>Trusts — Trustee’s Compensation. Upon an accounting of a trust, the trustee being a selling agent of real property, it is proper to allow him compensation only up to the time when he turned over the selling agency to real estate brokers.</p> <p>Accounting — Parties Entitled — Trusts. Upon an accounting by a trustee, the trustee is not entitled to an accounting by a predeeessor, there haying been no privity of contract or relationship between them, and the first trustee haying been in charge when there was no profit in the property, and the interests of the second trustee being confined to a share in net profits.</p>