Summary

Stanley Matthews Spindle v. Shreve — Opinion of the Court

The statute of Illinois does not apply merely, as is argued, to cases where a technical discovery is sought, but to all cases where the creditor or his representative is obliged, by the nature of the interest sought to be applied, to resort to a court of equity for relief, as he must do in all cases where the legal title is in trustees, for the purpose of serving the requirements of an active trust, and where, consequently, the creditor has no lien, and can acquire none at law, but obtains one only by filing a bill in equity for that purpose.
Source: Wikisource

Stanley Matthews Spindle v. Shreve — Opinion of the Court

On the other hand, if nothing passed by the deed under which Buchanan claims, affecting the estate and interests in controversy, it must have been because, under the law of Illinois, which, of course, governs in respect to interests in real estate situated in that state, those interests were not liable to be appropriated to the payment of the debts of the beneficiary, and were, therefore, not embraced in the description of the property conveyed.
Source: Wikisource

Stanley Matthews Spindle v. Shreve — Opinion of the Court

It cannot be doubted that it is competent for testators and grantors, by will or deed, to construct and establish trusts, both of real and personal property, and of the rents, issues, profits, and produce of the same, by appropriate limitations and powers to trustees, which shall secure the application of such bounty to the personal and family uses during the life of the beneficiary, so that it shall not be subject to alienation, either by voluntary act on his part, or in invitum, by his creditors.
Source: Wikisource

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