Coane's Estate

16 Pa. D. & C. 667, 1932 Pa. Dist. & Cnty. Dec. LEXIS 52
CourtPennsylvania Orphans' Court, Philadelphia County
DecidedApril 29, 1932
DocketNo. 1224
StatusPublished

This text of 16 Pa. D. & C. 667 (Coane's Estate) is published on Counsel Stack Legal Research, covering Pennsylvania Orphans' Court, Philadelphia County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Coane's Estate, 16 Pa. D. & C. 667, 1932 Pa. Dist. & Cnty. Dec. LEXIS 52 (Pa. Super. Ct. 1932).

Opinions

The facts appear from the adjudication of

Gest, J., Auditing Judge.

— Robert Coane died on March 17,1930, leaving to survive him his wife, Marian, or Marion, S. B. Coane, and leaving a will and codicil, which were admitted to probate on March 24, 1930, when letters testamentary were granted.

Proof of advertisement of notice thereof was produced to the auditing judge.

By his will the testator bequeathed $10,000 to be paid immediately after his decease to his wife, Marion S. B. Coane, and directed his executors to maintain and pay the rental for his apartment in the Wellington from the funds of his estate until the expiration of the current lease thereon, so that his wife might occupy the same without expense. By the fifth paragraph of his will he bequeathed specifically certain articles of jewelry and personal effects, and the balance of his jewelry and household goods, furniture, etc., in his apartment in the Wellington and elsewhere, together with his automobile or automobiles, he bequeathed to his wife, Marion S. B. Coane. He bequeathed $1500 to Nellie Daly, his housekeeper, and $500 to J. Walter Short, and by the eighth paragraph of his will he directed that all the foregoing gifts and bequests should be paid free and clear of all succession inheritance or estate taxes, which he directed to be paid out of the principal of his residuary estate; and this he devised and bequeathed to The Pennsylvania Company for Insurances on Lives and Granting Annuities and his wife, Marion S. B. Coane, in trust out of the income therefrom to pay $15,000 a year in monthly instalments to his wife, beginning immediately upon his death, “in accordance with the terms of the ante-nuptial agreement entered into between my wife and myself, dated May 23, 1928,” and to pay one-half of the balance of the income to his said wife, Marion S. B. Coane, for life, and to pay the remainder of the income, and the whole thereof upon the death of his wife, to and among his descendants living at each time of quarterly distribution, per stirpes, until the arrival at the age of twenty-one years of the youngest of his grandchildren living at the time of the testator’s death, at which time, subject to the interest of his wife, if living, the principal of his residuary estate shall then be distributed to and among his descendants then living, share and share alike, per stirpes, upon the principle of representation, and he provided further that during the minority of any distributee any income payable to him or her shall be held by his trustee [668]*668and applied in and about his or her maintenance, education and support, without the intervention of a guardian, and in the event of the death of all his descendants before the youngest of his grandchildren living at the time of his death shall have attained the age of twenty-one years, then, subject to the interest of his wife, he directed that his residuary estate should be divided, share and share alike, among the Northern Home for Friendless Children, The Children’s Seashore House, Atlantic City, the Presbyterian Home for Aged Couples and Aged Men and the Zoological Society of Philadelphia.

The will was dated October 81, 1928, and the codicil changing the appointment of his executors, and in all other respects ratifying and republishing his will, was dated July 2, 1929.

It appears from the records of this court that an appeal was taken from the' decree of probate of the will by Charles E. Coane, a son of testator, which appeal, however, having been called for hearing, was withdrawn.

The testator, being a widower with three children, all of age, Robert Coane, Jr., Charles Ellwood Coane and Elizabeth Coane Stellwagen Gould, entered into an agreement with Marian S. B. Coane, dated May 23,1928, executed and acknowledged by both of them, a copy of which is annexed hereto, which recited the intention of the parties to marry, and their desire to make a fair and reasonable provision for the said Marion S. B. Coane in lieu of the rights which, after consummation of said marriage, she might or could have as wife or widow, or otherwise, in the property, real and personal, of the said Robert Coane. And the said Robert Coane agreed with the said Marian S. B. Coane that the respective property of each should be held free from any claim or right of dower or curtesy, inchoate or otherwise, on the part of the other, and the said Robert Coane covenanted and agreed to pay to the said Marian S. B. Coane the sum of $15,000 a year in equal monthly instalments for the term of her natural life, said payments to be made by the said Robert Coane or his personal representatives after his death, if he should predecease the said Marian S. B. Coane, and it was expressly understood that said payments were in place and stead of all rights, which, as widow, the said Marian S. B. Coane might have in and to any and all of the property of the said Robert Coane, either as dower and/or as surviving spouse. Annexed to said agreement is the following paper of even date therewith: “I, Marian S. B. Coane, hereby certify that prior to the execution this date of the Ante-Nuptial Agreement between myself and Robert Coane, I was fully acquainted with the property, assets and liabilities of the said Robert Coane and was well aware at the execution thereof that the said Robert Coane, in addition to a life interest in his father’s estate, was possessed outright of property having a value of at least $570,000.”

The testator and the said Marion S. B. Coane were married on May 24, 1928, the day after the execution of the above agreement, and during his lifetime the testator paid regularly $1250 a month to his wife. After his death the executors continued the payments up to and including February 15, 1930.

By writing executed April 15, 1930, and duly recorded on the same day and filed in this court on April 24, 1930, Marian S. B. Coane, surviving widow, elected in the usual form to take under the will. Subsequently, on February 27, 1931, Marian S. B. Coane executed what is styled an “amended election to take under the will,” which was recorded on March 2, 1931, and filed in this court on March 11, 1931, in the following words:

“Know all men by these presents, that I, Marian S. B. Coane, Widow of Robert Coane, Deceased, without prejudice to my rights, interest, estate and privileges to and in a certain ante-nuptial agreement, entered into between me and the Decedent in his lifetime, dated May 23rd, 1928, and, reserving unto [669]*669myself all rights, privileges, interest and estate vested in me by said ante-nuptial agreement, hereby elect to take under and by the terms of the last will and Testament of the above Decedent, dated October 31st, 1928, and Codicil thereto dated July 2nd, 1929, duly probated by the Register of Wills of the County of Philadelphia.”

She also claimed her exemption of $500 and the same is credited in the account.

The failure of the executors to continue the monthly payments of $1250 to Mrs. Coane since February 15, 1930, was due to the fact that the assets of the estate had greatly depreciated in value since the death of the testator, and the income had decreased to such an extent that the income of the residuary estate was no longer sufficient to pay the moneys due under the antenuptial agreement. The executors claimed that under the will these payments were intended by the testator to be paid each year from the income of that year alone, that the payments are not cumulative, and that no part thereof is payable from the corpus of the estate. On the other hand, it was contended by counsel for Mrs.

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Bluebook (online)
16 Pa. D. & C. 667, 1932 Pa. Dist. & Cnty. Dec. LEXIS 52, Counsel Stack Legal Research, https://law.counselstack.com/opinion/coanes-estate-paorphctphilad-1932.