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In re Gleeson's Will

Illinois Appellate Court

124 N.E.2d 624 (1955)

Relevant factsFree

Colbrook (defendant) leased farmland from Gleeson for a year, and she renewed the lease for a second year before dying two weeks before that second lease's expiration, at which point her will named Colbrook as trustee of the same farmland for the benefit of her children; when the second lease year expired, Colbrook, rather than immediately transitioning the land to a new tenant, held over as tenant for another full year himself before finally leasing to someone else, citing the practical difficulty of quickly finding a qualified replacement tenant so soon after Gleeson's death and mid-harvest timing concerns with wheat already planted on the land.

IssueFree

Whether a trustee acting in good faith may engage in self-dealing if the trust suffers no injury as a result.

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