Cowen v. Rinaldo

31 N.Y.S. 554, 82 Hun 479, 89 N.Y. Sup. Ct. 479, 64 N.Y. St. Rep. 189
New York Supreme Court·Decided December 14, 1894·Published·Cited by 6 cases

Opinion

VAN BRUNT, P. J.

This action was brought to procure the judicial construction of the will of Mr. Marks Einaldo, who died November 26, 1892. The will was admitted to probate on the 21st of April, 1893. The testator died seised of a considerable amount of personal and real estate, the real estate being mortgaged. By said will, the testator, after having directed the payment of certain legacies and annuities which he charged upon his real and personal estate, by the eighteenth and nineteenth clauses thereof provided as follows:

“Eighteenth. I give, devise, and bequeath to my executors hereinafter named, and such of them as shall qualify, and the survivors or survivor of [555] them, and such successors as they shall appoint, as hereinafter provided, all my real and personal estate until my son Harry shall become twenty-one years of age, or die, whichever event shall first happen; and, if he should die before my daughter Amelia should become twenty-one years of age, then until she should become twenty-one years of age, or die before such period,—in trust, nevertheless, to collect the rent, income, and profits of said real estate and the whole of said personal estate and, after paying therefrom the legacies hereinbefore given, the interest on mortgages, taxes, assessments, fire insurance, and repairs on said real estate, to apply the remainder of said rents of my real estate, together with the income and principal of my personal estate, to the paying off and discharging of the principal of the mortgages on my real estate.
“Nineteenth. Upon my son Harry becoming twenty-one years of age, or upon his death, and if he should die before my daughter Amelia should become twenty-one years of age, or1 death before such period, I order my executors, or such of them as may qualify, and the survivors or survivor of them, and the successors of them (as hereinafter provided), to sell all my real estate at public sale, and execute proper deeds therefor, and out of the moneys so realized to pay: (a) To my son David (now residing at Jersey City) the sum of fifteen thousand dollars, (b) To my grandson Lawrence (son of said son David) the sum of five thousand dollars, (c) To my son Samuel the sum of fifteen thousand dollars, if at that time his present wife shall have died; and, if she should still be alive at that time, to invest said sum of fifteen thousand dollars in first mortgages upon improved property in the city of New York, and pay the interest realized therefrom half yearly to my said son Samuel, as long as his present wife shall live, and upon her death to pay over to him (said Samuel) said principal sum of fifteen thousand dollars. Should he, however, die before her, then upon his death said sum of fifteen thousand dollars shall be divided in equal shares between my sons David, Joel, Edward, and Harry, and my daughters Hannah and Amelia, share and share alike, (d) To my daughter Hannah, wife of Henry Black, the sum of ten thousand dollars, and, in addition thereto, to invest the sum of twenty-five thousand dollars in first mortgages upon improved real estate in the city of New York, and pay the interest realized therefrom half yearly to my said daughter Hannah, and upon her death to pay over said principal sum of twenty-five thousand dollars to her children in equal shares. Should she, however, die without leaving any children, then said sum of twenty-five thousand dollars shall be divided between my sons Samuel, David, Joel, Edward, and Harry, and my daughter Amelia, in equal shares, (e) To my son Joel the sum of fifteen thousand dollars, (f) To my son Edward the sum of fifteen thousand dollars, (g) To my daughter Amelia the sum of ten thousand dollars, and, in addition thereto, to invest the sum of forty thousand dollars in first mortgages upon improved real estate in the city of New York, and pay the interest realized therefrom half yearly to my said daughter Amelia, and upon her death to pay over said principal sum of forty thousand dollars to her children in equal shares. Should she, however, die without leaving any children, then said sum of forty thousand dollars shall be divided between my sons Samuel, David, Joel, Edward, and Harry, and my daughter Hannah in equal shares, (h) To my son Harry the sum of fifteen thousand dollars, (i) To my son Isaac the sum of ten thousand dollars, if at that time his present wife shall have died, or he shall have been divorced from her by an absolute divorce, and shall have married a decent Jewish woman, (k) To invest the sum of fifteen thousand dollars in first mortgages upon improved real estate in the city of New York, and pay the interest realized therefrom half yearly to my beloved wife, as long as she may live, and upon her death to divide the principal sum between my sons David, Joel, Edward, and Harry, and my daughters Hannah and Amelia, in equal shares. (1) Should there be any balance left of my real and personal estate, I order my executors to pay (1) to the Hebrew Benevolent and Orphan Asylum Society of the City of New York the sum of one thousand dollars; (2) to the Mount Sinai Hospital of the city of New York the sum of one thousand dollars; (3) to the Montefiore Home for Chronic Invalids the sum of five hundred dollars; (4) to the Hebrew Eree-School Association, of the City of New York [556] the sum of five hundred dollars, (m) Should there be any further balance-left of my estate (real and personal), I order my executors to divide said balance in equal shares between my sons Samuel, David, Joel, Edward,. Harry, and my daughters Hannah and Amelia, share and share alike.”

The clauses of the will above stated are attacked upon the ground that by them are attempted to be established trusts which are contrary to the provisions of law,—as to some of them because of the-illegal suspension of the power of alienation; as to the rest because of the illegal direction in respect to the accumulation and disposition of the rents, income, and profits arising from the estate.

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Cowen v. Rinaldo, 31 N.Y.S. 554, 82 Hun 479, 89 N.Y. Sup. Ct. 479, 64 N.Y. St. Rep. 189 (N.Y. Super. Ct. 1894).

31 N.Y.S. 554 (Cowen v. Rinaldo) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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