Central Trust Co. v. . Egleston

77 N.E. 989, 185 N.Y. 23, 1906 N.Y. LEXIS 870
CourtNew York Court of Appeals
DecidedApril 24, 1906
StatusPublished
Cited by42 cases

This text of 77 N.E. 989 (Central Trust Co. v. . Egleston) is published on Counsel Stack Legal Research, covering New York Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Central Trust Co. v. . Egleston, 77 N.E. 989, 185 N.Y. 23, 1906 N.Y. LEXIS 870 (N.Y. 1906).

Opinions

Gray, J.

This will, written by the testator himself, .evidences, in the confusion of its language, an effort to make a definite testamentary disposition of his estate, without the aid, or the advice, of legal counsel; which might be ascribed to an exceeding confidence in - his own ability, or, as may be gathered in some expressions, to an unhappy distrust of lawyers. The result, in my opinion, has been disastrous to the instrument. We cannot hold that the intended testamentary disposition is sanctioned by our statutes. The court below has made a commendable, if not an heroic, effort to uphold it in part; but, when analyzed, the result is to reveal the purpose of the testator to tie up his estate in a trust, which might suspend the absolute ownership beyond the statutory period. He intended to place it in a trust for the throe lives of his sons; subject to an annuity for his widow. It is the very plain duty of the court to find out what a testator lias meant to do with his property after his death and, then, if it be possible to give his plan effect by a construction which will validate it, to do so. But the court cannot make a new will for him; nor should it be expected to resolve into law *29 fulness of disposition some tangle of desires to provide for future contingencies. The inquiry, in each case, must be what provisions has the testator intended to make for the dis-. position of his estate and not whether he intended to dispose of his estate according to the statutory rules governing testamentary dispositions. When the provisions are ascertained and understood, then is their legality to be determined. (Colton v. Fox, 67 N. Y. 348.) Take this will as an illustration of what has been done by the judgment. The court below has made three separate trusts for the testator’s sons and has directed the accumulation of income to cease upon each attaining his majority. A very simple expedient, effecting lawful results, as far as the court was able to go; but it is exactly what the testator did not wish to have done with his estate and it, totally, upsets his testamentary plan.

Each will must be read and considered with reference to its peculiar provisions and to the circumstances attendant upon its making, and precedents are, rarely, of avail. In this will, we can see that a trust was intended. So much is clear. No particular formula of words, or terms,-is ever necessary to constitute a trust and it suffices for the plan, if, upon a consideration of the instrument, the purpose of a trust is manifest. Nor will it militate against the constitution of several trusts that the capital of the estate is to be kept together and administered as one fund for convenience; provided that it shall appear that the shares and interests of the beneficiaries are made, or, clearly, intended to be made, distinctly several. (Tobias v. Ketchum, 32 N. Y. 319 ; Morse v. Morse, 85 ib. 53; Ward v. Ward, 105 ib. 68; Vanderpoel v. Loew, 112 ib. 167, 180.) In this will the testator, at the outset, appoints a trustee for his will and there are active duties imposed with reference to the administration of the estate, which renders its possession by the appointee necessary. It is not in doubt that the testator intended to place his property in the hands of a trustee and the question, simply, is whether more than one trust was intended and provided for by him, I think the question must be answered in *30 the negative. If any purpose is manifest in this instrument, it is that of keeping the property together as one trust fund, without severability, or termination, from the income of which the widow and the sons are to be provided for. Before making provision, for them, he expressly declares that he “ has thought it advisable to place all property in trust for my sons.” This declaration is to be taken as expressive of what the testator is attempting and indicates, by its language, not conclusively, of course, a provision for a single trust. It is the very unmistakable notion of the testator, though confusedly worded, that the principal of his estate would be perpetuated. When he speaks of placing it in trust for his sons, it is that it may pass on to my grandchildren. My most earnest desire is to perpetuate the name, which it is trusted may be for a good name in all generations.” Subsequently, when providing for the “ event of the death of his wife, and his children without issue,” (which, from its place in the will, must lie taken as referring to their death in his lifetime), by bequeathing “ to his brothers, or brother equally,” or, “ if they are not alive, to the children, or children’s children of my late sister Sarah,” he adds to be used by them for life and still deeded on to their child --en.” Having developed this idea of perpetuity in -his mind, he proceeds to make his provisions for his wife and three minor sous. In quoting any part of the will, the language has been given, here as in the record. In the first place, he gives to her, during widowhood, for the .first year, or year and a half, while the estate is provided for, $2,000 per annum” and, thereafter, $4,000 in each year. Then he gives to his sons “during the year, or one and half years during settlement, the sum of $2,000 each, at least 100 pounds going with their mother to maintain the home, if called for.” After that period, he increases the income of each son to $3,000 a.year; but the sum of 200 pounds, or $1,000 are then to be “ passed over for the maintenance of the house.” Then, as to the further distribution of income, he becomes somewhat vague; for he says : At the age of 25 years, when each child shall reach that age, not before, oí *31 when the three children are 25, or the youngest 25 years old — I- donate and give to the three sons * * * 75 per cent, of the income of the estate -after payments to nay wife and deductions for charges—the balance of 25 per centum of the net income being held and invested, until each child has arrived at the age Of 30 years of age (30), when I bequeath to them, after all deductions, 98 per cent, of the net income — the balance of 2 per cent, keeping the estate in heart and to be invested. Ely son Vivian (the youngest) to attain the age of 25 and 30 years before the divisions ” etc. What he meant, we may fairly assume, was that the youngest son must have attained the ages of 25 and 30 years, before the new divisions were to be made of the income; but the very pregnant words of this paragraph are in the gift to the sons, at certain periods, of 75, or 98, per cent, of the income of the estate and in the direction that the balance of 85, or of 8,per cent, is to be held and iiwested, without limitation of time. We have, then, as the plan provided by the testator, a gift to his wife of an annuity during widowhood and of varying sums, annually, to each son, until the youngest shall be 30 years old; with a charge upon each son’s allowance of a certain sum in favor of the widow for the maintenance of the home. As the earlier declaration was of the intention “to place all property in trust for my sons ” and the later gift of income to the sons, after they all were 30 years old, was “ after all deductions” etc.

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Bluebook (online)
77 N.E. 989, 185 N.Y. 23, 1906 N.Y. LEXIS 870, Counsel Stack Legal Research, https://law.counselstack.com/opinion/central-trust-co-v-egleston-ny-1906.