Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

Vinci v. Vinci

NOVEMBER 23, 1970.

JOHN VINCI, JR. ET AL., PLAINTIFFS-APPELLEES,

v.

SAMUEL VINCI ET AL., DEFENDANTS-APPELLANTS.



APPEAL from the Circuit Court of Cook County; the Hon. JOHN J. LUPE, Judge, presiding.

MR. PRESIDING JUSTICE BURMAN DELIVERED THE OPINION OF THE COURT:

This is an appeal and cross appeal from a decree of the Circuit Court of Cook County which impresses a trust, on the interest of John Vinci and of those claiming through him in property located at the northeast corner of the intersection of Golf Road and Milwaukee Avenue in Des Plaines, Illinois (hereafter referred to as the Golf Road property).

Florence Vinci was divorced from John Vinci on January 25, 1963. Prior to the divorce they negotiated a property settlement agreement which was incorporated into the divorce decree. Paragraphs B(1), B(2), and B(3) concern the Golf Road property and provide in relevant part:

"B. That the disposition of property rights is hereby decreed as follows:

(1) With reference to the property at the Northeast corner of Golf Road and Milwaukee Avenue, Des Plaines, Illinois, * * * title is decreed in the Counter Plaintiff, Florence Vinci, exclusively, free of any rights of the Counter Defendant, whether dower, homestead or otherwise, provided that she pay to the Counter Defendant, John Vinci, within thirty (30) days from the date of this Decree, the sum of Four Hundred Thirty Seven Thousand Five Hundred ($437,500.00) Dollars in cash and her promissory note in the sum of Two Hundred Sixty Two Thousand Five Hundred ($262,500.00) Dollars * * *

In the event, however, that the Counter Plaintiff, Florence Vinci, shall fail to comply with the above requirements within thirty (30) days from the date of this Decree, then in that event the Counter Plaintiff, Florence Vinci, shall then quit claim her entire interest in and to the above described premises to the Counter Defendant, John Vinci, and John Vinci shall then pay to the Counter Plaintiff the sum of Seven Hundred Thousand ($700,000.00) Dollars cash and title shall then be in the Counter Defendant, John Vinci, exclusively, free of any rights of Counter Plaintiff, whether dower, homestead, right of possession or otherwise, in the above described realty, except as hereinafter stated * * *

(2) In the event that the Counter Plaintiff retains title to the above described property, pursuant to this Decree, then the note of the Counter Plaintiff in the sum of Two Hundred Sixty Two Thousand Five Hundred ($262,500.00) Dollars secured by a mortgage or trust deed upon the above described premises shall be deposited by the Counter Defendant, John Vinci, in an irrevocable trust with La Salle National Bank, a National Banking Association, Trustee for the benefit of the children of John Vinci, to-wit: Samuel Vinci, Martin Vinci, Joseph Vinci, John Vinci, Jr. and Frank Vinci, in equal shares * * *

In the event that the Counter Defendant, John Vinci, retains title, then he shall direct the escrowee on the sale to pay out of the funds the sum of Two Hundred Sixty Two Thousand Five Hundred ($262,500.00) Dollars in cash in the La Salle National Bank, a national banking association, as above set forth.

(3) In the event the Counter-Defendant, John Vinci, is to retain the title to the above described property as above set forth in Paragraph 1 by the payment of the sum of Seven Hundred Thousand ($700,000.00) Dollars to the Counter Plaintiff and the placing of Two Hundred Sixty Two Thousand Five Hundred ($262,500.00) Dollars in cash in La Salle National Bank, a national banking association, it is the understanding of this Court that these sums of money are to be obtained from the proceeds of sale of the entire tract of land above described, and it is decreed that the said Counter Defendant shall and he is hereby given a period of ninety (90) days in which to complete the sale of the property and obtain the necessary funds above required * * *."

Neither Florence Vinci nor John Vinci complied with the decree in regard to purchasing the property or in establishing the trust recited therein.

John Vinci died testate, a resident of California, on December 27, 1965. At the time of his death he owned the Golf Road property as a tenant in common with Florence Vinci. By the terms of his will which was duly probated, he devised and bequeathed his entire estate to Samuel Vinci, Martin Vinci, and Joseph Vinci, the children of his first marriage; and he specifically disinherited and disenfranchised John Vinci, Jr. and Frank Vinci, the children of his marriage to Florence Vinci.

Florence Vinci, John Vinci, Jr., and Frank Vinci, a minor, by his brother and next friend, John Vinci, Jr. instituted this action in equity against the administrator with the will annexed of the Estate of John Vinci and the devisees of the Gold Road property under the will of John Vinci to enforce the provisions of the January 25, 1963, divorce decree and to impress a trust on one quarter of the interest in the Golf Road property of John Vinci and of those claiming through him. The Circuit Court found that the equities were with the plaintiffs and decreed (1) that a trust be impressed upon the interest in the Golf Road property of John Vinci and those claiming through him to the extent of $262,500.00, (2) that the $262,500.00 trust res be realized from the sale of the Golf Road property and taken from the interest in the property of John Vinci and those claiming through him; (3) that the five children of John Vinci would be the beneficiaries of the trust and would have equal undivided shares; and (4) that the trusteee, the La Salle National Bank would have a lien on the interest in the Golf Road property of John Vinci and of those claiming through him pending the sale of the property.

We first consider the appeal of the defendants in which they contend "that any trust to be created had to be created from a sale of the property described in the Complaint for the sum of $700,000.00, when the sum of $262,500.00 in cash would have had to be placed in said trust from the sale proceeds, and that no sale having been accomplished, no trust was created, and that the Plaintiffs had no further interest in the property." In support of this contention the defendants point to the following language of paragraph B(3) of the divorce decree:

"* * * it is the understanding of this Court that these sums of money are to be obtained from the proceeds of sale of the entire tract of land above described, and it is decreed that the said Counter Defendant shall and he is hereby given a period of ninety (90) days in which to ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.