Ballantine v. Ballantine

152 F. 775, 1907 U.S. App. LEXIS 5070
CourtU.S. Circuit Court for the District of New Jersey
DecidedMarch 1, 1907
StatusPublished
Cited by6 cases

This text of 152 F. 775 (Ballantine v. Ballantine) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ballantine v. Ballantine, 152 F. 775, 1907 U.S. App. LEXIS 5070 (circtdnj 1907).

Opinion

CROSS, District Judge.

This case is presented to the court upon bill, answer, plea,,replication, and proofs. The more important facts briefly stated are these: Peter H. Ballantine, a resident of the city of Newark, N. J., died September 16, 1882, leaving a last will and testa' ment which was duly proved before the surrogate of the county of Es' sex on the 29th day of September, 1882, whereby, among other things the decedent appointed John H. Ballantine, Robert E. Ballantine, and George G. Frelinghuysen his executors, who took upon themselves the burden of administering his estate. The testator by his said will, after directing the payment of his debts, gave all his property, real, personal, and mixed, to his executors in trust, for the purposes therein-after mentioned. By the next item of his will he gave to each of his-four children, naming them, the sum of $5,000, to be paid them when they would each, respectively, reach the age of 21 years. Then follow items 5, 6, and 7 of the will, which, as they are the principal ones bearing upon the present controversy, are set forth at length.

“V. The remainder of the estate shall be held in trust by my executors and the income thereof paid to my beloved wife Isabelle Linen Ballantine until the youngest child then living shall reach the age of twenty-one years, and oa the death of my beloved wife my executors shall hold for the benefit of and [777]*777pay the Income thereof to my children Sara Linen, Isabel A., George A. and Mary O. or to their direct descendant or descendants of either of them in equal shares subject to the provisions of section YII hereinafter as to the share of George A. Ballantine.
“VI. That when the youngest child then living shall reach the age of twonty-one years the executors shall pay to my beloved wife one-third of the income of my estate and divide the other two thirds in equal shares between my children Sara, Isabel, George and Mary or such of them as may be then living or to their direct descendant or descendants share and share alike per stirpes, provided however that the payment of the income of any child or children aforesaid, or to a descendant or descendants of either shall be first approved by my beloved wife otherwise the same shall be withheld for the benefit of that child from whom it shall be so withheld.
“VII. That one-fifth part of the share of my son George A. Ballantine (provided for in section V) in my estate shall be made over to him absolutely on his reaching the age of twenty-one years and that in addition thereto three-fifths of his share in my estate be made over to him on his reaching the age of twenty-eight years, provided that the executors, with the approval of my beloved wife if she is then living, may delay the payment of the last mentioned part of his share to wit the three-fifths part until such time .as they may approve, and that the remaining one-fiftlx part of his share shall be held in trust by my executors for the benefit of my said son George A. Bal-lantine and his direct descendants.”

. It was further provided by the last item of the will that the provisions made therein for his wife were in lieu of dower and right of dower. The testator left him surviving a widow, Isabella L,. Ballan-tine, and four children, Sarah L., Isabel A., George A., and Mary C., all of whom are still living. Sarah L. is the wife of George G. Freling-huysen, one of the trustees named in the will. She was married at the time of the testator’s death, and has two children. Isabel A. is unmarried. George A., one of the complainants, attained his majority October 14, 188?. He has been twice married. By his first wife, from whom he was divorced prior to 1896, he had one child only, a son, who died in infancy. In 1896 he married his 'present wife, but has had no children by her. Mary C., the testator’s youngest daughter, attained her majority in 1891. She is married to Robert W. Cumming, and has five infant children. The widow, all of the children, except George A., and all of the grandchildren of the testator, are parties defendant to this suit. George A. Ballantine, as already stated, is one of the complainants. All of the executors and trustees named in the will qualified. Two of them, however, John H. Ballantine and Robert F. Ballantine, are deceased. The former died in April, 1895, and the latter in December, 1905. The complainants other than said George A. Ballantine are the New York Finance Company, trustee for Mary F. Chapman and for Catharine Stewart Wood, and the Provident Rife & Trust Company of Philadelphia, executors under the will of William Brewster Wood, deceased. The New York Finance Company claims to be interested in the share of George A. Ballantine in his father’s estate under and by virtue of two assignments made by him to the said company to the extent of $50,000, $40,000 of which sum it claims as trustee and the balance of $10,000 in its own right. The bill of complaint admits that George A. Ballantine has received an agreed upon value for the one-fifth part of the share coming to him upon his reaching the age of 21, under item 7 of the will, but asks for a decree [778]*778for the payment of the three-fifths of his share in the estate, which under the same item of the will was to be made over to him on his reaching the age of 28, and also for the payment of the remaining one-fifth part, which is directed to be 'held in trust by the executors for his benefit and that of his direct descendants. The bill also claims interest, in addition to what has been received, upon all of those shares. As to the three-fifths of George’s share, the claim is made that the provision postponing its payments until he became 28 years of age, and further at the discretion of the trustees, is void, but, if otherwise, it is claimed that the discretion has not been properly exercised; while as to the last one-fifth of his share, the claim is made that he is entitled to a like decree, for reasons which will be referred to later. Upon the question of interest the trustees have adhered throughout to a construction of the will which held that George was and is entitled during his mother’s lifetime to but one-fourth of two-thirds of the income of the estate, and they have always paid him and received releases from him on that basis, whereas on his behalf it is insisted that he is entitled to the entire income on the one-fifth of the share which was to be made over to him when he became 21, from that time until he assigned it in 1898 and 1900 to his sisters; that as to the three fifths he is entitled to the entire income thereof, at least from the time he became 28 years of age; and that as to the remaining one-fifth the entire income should at all times have been paid directly and exclusively to him.

The issues presented by the pleadings are succinctly stated in the brief of defendant’s counsel substantially as follows: (1) Is the dis■cretion to withhold three-fifths of George’s share under item 7 of the will valid? If so, has that discretion been properly exercised? (2) Were the trustees justified in paying to the widow one-third of the income on George’s one-fourth of the estate either upon a proper construction of the will, or by virtue of an agreement entered into by all of the parties in interest? (3) Is the provision as to the last one-fifth of his share valid, or is it now payable to him ?

At the outset of the discussion, it will be well to set forth what seems to me to be the general scheme of the will, which is incomplete and somewhat difficult of construction.

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Davis Trust Co. v. Elkins
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In re Ballantine
179 F. 548 (E.D. Pennsylvania, 1910)
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Bluebook (online)
152 F. 775, 1907 U.S. App. LEXIS 5070, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ballantine-v-ballantine-circtdnj-1907.