The Wall Street Journal Law Blog reported that the Massachusetts Appeals Court heard arguments over dispute involving a will that is 351 years old. William Payne was a wealthy Massachusetts merchant who bequeathed in his will that a land called "Little Neck" in Ipswich, Massachusetts, "shall never be sold, and shall 'for euer' be used to benefit Ipswich public schools" and that "the sayd land not to bee sould or wasted."
The trustees of the will had been planning to sell the land recently but a group of Ipswich parents are fighting to stop the sale. A lawyer for the trustees said that proceeds from the land sale could be invested and bring in more funds to Ipswich public schools. One Ipswich parent argued that the point of this lawsuit is not about the money, but rather a question of why anyone in Massachusetts would bother creating a charitable trust if the terms of the trust can be violated. Under current Massachusetts law, if the mission of the trust becomes impossible to carry out, then the terms of a charitable trust can be violated. The Massachusetts Appeals Court has not rendered a decision in this case yet.
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