Majority
Headnote
Wills (§ 634[1] )—Construction—Vested Remainders.The trustee’s accounting in this estate has been filed, and a construction and interpretation of the will of the late John Walker is required as a preliminary to distribution and decree. The testator provided by the fifth and sixth paragraphs of his will, as follows:
“Fifth. On and after the decease or remarriage of my said wife, I give and devise to my executors hereinafter named and the survivor of them, all my said real estate, in trust nevertheless, as soon as can be conveniently done, to sell said real estate at public and private sale for the best price, and make, execute and deliver to the purchaser or purchasers thereof a good and sufficient deed or deeds of conveyance of the same and safely invest the proceeds of such sale in bond and mortgage on real estate or in New York city or state stocks or stocks of the United States for the use and benefit of my two daughters, viz., Julia, the wife of Charles Schaefer, and Matilda, the wife of Henry Kassebart, for and during the term of their natural lives, to collect and receive the interest, dividends and profits of such investment or investments of said proceeds of sale and pay over to each of my said daughters the one equal half part of the same and take her individual receipt for the same without the interference or control of any husband she may have, for so long a time as she shall live.”
“Sixth. From and after the decease of my said two daughters, I give and bequeath the principal sum, the interest, dividends and income of such investment or investments of said proceeds of sale of my said real estate to the children of my said daughters; the children of each of my said daughters on the decease of their mother taking the one equal half part of the same, to be divided equally among them, share and share alike.”
The testator was survived by his widow, Catherine Walker, and his two daughters, Julia, the wife of Charles Schaefer, and Matilda, the
On the 11th of December, 1907, the said Henry K. Culver executed and delivered an assignment to Albert D. Morstadt of one-half of all his right, title, and interest in and to the estate of John Walker, deceased. Albert D. Morstadt, the assignee of Henry K. Culver, claims that the latter had a vested interest in the remainder of the trust estate created by the will of John Walker for the benefit of Matilda Walker ■Culver, and that by reason of such assignment he is entitled to receive one-half of the balance of the principal of the trust estate remaining in the hands of the accountant.
The question for our determination is: Is the remainder or executory interest of Henry K. Culver vested or contingent? The courts of this state have consistently adhered to the principle that rules for the ■construction and interpretation of wills are to be applied in subordination to the intention of the testator, deducible from the terms used and the whole context of the will. Nothing.upon the face of this will, however, tends to favor a construction that the remainder was not vested immediately upon the death of the testator, except the words in the sixth paragraph thereof, “from and after the decease of my said two daughters,” and on toward the end of this paragraph the words “on the decease of their mother.” The words quoted furnish the only indication which we have of any possible intention to postpone the vesting of the remainder estates to some future time beyond the ■death of the testator. In the absence of a positive expression of an intention to postpone vesting, postponement will not be presumed, as the law favors the immediate vesting of estates and fixed, definite, and certain titles. This principle is so well settled that it is not necessary to cite any adjudications in its support. In re United States Trust Co., 78 Misc. Rep. 236 , 138 N. Y. Supp. 150 .
There being no evidence of the intention of the testator beyond the words before referred to, the legal effect of the use of the words “from and after the decease” and “on the decease” upon the quality of the remainder estates is to be resolved. I am of the opinion that these words,
In Hersee v. Simpson, 154 N. Y. 496 , 48 N. E. 890 , the will before the Court of Appeals much resembled the one now here. It read:
“All the rest, residue and remainder of my estate, real and personal, * * * I bequeath and devise to my wife, Annette O. Hersee, to have, hold and enjoy the same with the rents, issues and profits thereof during the term of her natural life, and from and after her decease my will is that all of my said property be disposed of according to the statutes of the state of New York governing the descent of real property and the distribution of personal estates.”
In that case it was held that upon the death'.of the testator his heirs took a vested remainder in his real property and that the words “from' and after” did not render the remainder contingent.
So, also, in Livingston v. Greene, 52 N. Y. 118 , the testator, after giving a life estate in his real estate to his wife, provided:
“From and after the decease and death of my beloved wife, * * * I give and bequeath all my real estate * * * to all my children, and their heirs and assigns * * * to be equally divided, share and share alike.”
It was held that the children took a vested remainder not subject to be defeated by their death prior to that of the wife.
In Ackerman v. Gorton, 67 N. Y. 63 , the will devised certain real estate to the testator’s wife “to be used and enjoyed by her during her natural life, and from and immediately after her decease * * * to be divided equally among his children.” The Court of Appeals in that case held that the words “from and immediately after her decease” did not operate to postpone the vesting of the remainder in the children, until the death of the life tenant, but denoted simply the time when they would become entitled to the estate in possession.
The testator’s use of the words .“on the decease of their mother” in the last part of the sixth paragraph of his will, giving to the children of each of his daughters the remainder, does not imply futurity in the. vesting of this remainder, or does it constitute that a survivorship of the life tenant shall be an absolute condition precedent to succession. Rather such words indicate the time of the termination of the trust and the division and distribution of the principal of the remainder;
I am of the opinion, therefore, that the remainders referred to in the sixth paragraph of the will now before me are vested and not contingent, and I so hold.
Costs taxed and decree signed.
Cases cited
- Nelson v. Russell 135 N. Y. 137 p. 430
- Connelly v. O'Brien 166 N. Y. 406 p. 430
- Hersee v. Simpson 154 N. Y. 496 p. 430
- Livingston v. Greene 52 N. Y. 118 p. 430
- Ackerman v. Gorton 67 N. Y. 63 p. 430