(Supreme Court, Appellate Division, Second Department.Headnote
1. Executors—Legatees—Payment to Themselves.Where testator left personalty to his wife, who was also appointed executrix, to have the income for life, with “the right to use the principal if she should need it,” she was entitled as executrix to pay to herself as legatee the personalty bequeathed to her, to invest' the same, and use the income and the principal, if she needed it; the residuary legatees being only entitled to the remainder.
[Ed. Note.—For cases in point, see vol. 22, Cent Dig. Executors and Adtministrators, §§ 1164, 1245.]
2. Wills—Trusts—Legatees.
Where testator left personalty to his wife, who was also an executrix, to have the income for life, with the right to use the principal, if she should need it, the wife during her life was trustee of the remainder of the principal of the fund for the residuary legatees.
3. Executors—Coexecutors—Custody of Funds.
Where testator bequeathed certain personalty to his wife, who was also an executrix, to have the income for life, with the right to use the principal, if she needed it, the wife was entitled to the exclusive custody of the fund as against her coexecutor.
Appeal from Surrogate’s Court, King County.
Judicial settlement of the accounts of Walter K. Trelease and another, as executors of the will of Francis A. Trelease, deceased. From an order ( 96 N. Y. Supp. 318 ) settling the accounts, certain residuary legatees appeal. Affirmed.
Argued before HIRSCHBERG, P. J., and WOODWARD, GAYNOR, RICH, and MILLER, JJ.Robert M. Boyd, Jr., for appellant.
Frederick M. Harris, for respondent.
It is not easy to see what grievance the appellants assert or why they appeal. They are the residuary legatees of the testator, and one of them is coexecutor of the testator’s will. By his will the testator left an amount of personalty to his wife, this executrix, to have the income for her life, and with “the right to use the principal if she shall need it.” In administering the estate she has paid over to herself $1,600 under this bequest, and in her account credits herself as executrix therewith, the words bejng, “I have paid to myself as legatee of said deceased under and by virtue of said will the sum of,” etc.
This is correct. She has a right under the will to receive the personalty bequeathed to her as aforesaid, and invest it and use the income, and also to use the principal if she needs it. On her death the residuary legatees will be entitled to any of it that remains. Meanwhile she is their trustee of the fund. Rose v. Hatch, 125 N. Y. 427 , 26 N. E. 467 ; Leggett v. Stevens, 185 N. Y. 70 , 77 N.