Summary

Portrait of William O. Douglas William O. Douglas Helvering v. Leonard — Opinion of the Court

Unlike the purpose of the trust agreement in Schnitzer v. Buerger, supra, the purpose here apparently was not to compose any controversies over the securities. We need not decide whether the court retained the power to require respondent to make additional payments to the wife in case, say, all the securities in trust turned out to be worthless. All we do hold is that respondent has not shown by 'clear and convincing proof' that the court lacks the power to add to his personal obligations in any such circumstances.
Source: Wikisource

Portrait of William O. Douglas William O. Douglas Helvering v. Leonard — Opinion of the Court

The separation agreement incorporated the trust agreement by reference; stated that the wife's income from the trust and from other property received from the husband would aggregate $30,000 a year; provided that respondent would pay his wife an additional $35,000 each year during her life so that her aggregate net income for the maintenance and support of herself and the children would approximate $65,000 a year, and would further pay any 'extraordinary medical or surgical expenses' incurred by the wife or on behalf of the children until they attained the age of twenty-five years
Source: Wikisource

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