Crane v. Bolles

49 N.J. Eq. 373
CourtNew Jersey Court of Chancery
DecidedFebruary 15, 1892
StatusPublished
Cited by7 cases

This text of 49 N.J. Eq. 373 (Crane v. Bolles) is published on Counsel Stack Legal Research, covering New Jersey Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Crane v. Bolles, 49 N.J. Eq. 373 (N.J. Ct. App. 1892).

Opinion

The Chancellor.

The complainants seek a construction of the will of Nathans Bolles, deceased, and instructions regarding their duties under it.

' So far as their present necessities require, they are entitled to-the aid and direction of this court, but the court will not determine questions which have not yet actually arisen and may never arise. Especially will it avoid the determination of such questions when it appears that other parties than those presently before the court will be concerned in their solution. Traphagen v. Levy, 18 Stew. Eq. 448.

Nathan Bolles died testate on the 2d of February, 1871, possessed of about $100,000 worth of personal estate, and seized of three parcels of valuable real estate in the city of Newark; a residence, his homestead, on Park street, another residence on Washington street and a business site on Broad street.

By his will, which was dated on the. 26th day of March, 1865,. after revoking former wills and directing the payment of his-debts and funeral and testamentary expenses, he gave, devised and bequeathed to his widow the use and enjoyment of his home[375]*375stead and the furniture therein, for her natural life, and continued therein in the following language :

“Fourthly. I also give and bequeath to my said wife the annuity or annual sum of fifteen hundred dollars, to be paid to her quarter yearly, by my executors hereinafter named, out of the rents and profits of the premises known as numbers 240, 242 and 244 Broad street, Newark, aforesaid, so long as the said premises shall remain unsold; and after the sale of said premises, as hereinafter provided, I give and bequeath to her, in lieu of said annuity, the, interest and income of twenty-five thousand dollars of the proceeds of such sale, which I hereby authorize and direct my said executors to invest as securely and profitably as practicable, with power to vary the securities from time to time as they may judge expedient, and the income or interest arising- therefrom to pay to my said wife quarter yearly during her natural life.
“Fifthly. All the residue of my personal estate, I give and bequeath to my children, viz., Ezra B. Bolles, Mary E. Crane (wife of Augustus Crane), Henrietta A. Meeker (wife of John H. Meeker), Julia P. Clapp (widow of Henry B. Clapp), Thomas N. Bolles, Nathan J. Bolles, Emma C. Adams (widow of William P. Adams), and Anna A. Bolles, to be equally divided between them share and share alike.
“Sixthly. I give, devise and bequeath to my said daughter, Emma C. Adams, the use and enjoyment of the house and premises where she now resides, known as number 141 Washington street, Newark, aforesaid, for and during her widowhood, and free from all taxes and expenses for repairs necessary to be made, and for insurance.
“Seventhly. I hereby authorize and empower my said executors, upon the request or by the consent of the majority of my said children, to sell either at public or private sale, and convey, upon such terms and for such pi-ice or prices as my said exequtors shall deem proper, all or any part of my real estate wheresoever situated (except my said homestead, which may be sold after, but not before, the death oí my said wife, and said premises, No. 141 Washington street, which may be sold after, but not before, the remarriage or decease of my said daughter, Emma C. Adams), and after retaining twenty-five thousand dollars (to be invested for the benefit of my said wife), and the further sum of five thousand dollars (to be invested as hereinafter mentioned) from the proceeds of the sale of the said premises, 240, 242 and 244 Broad street aforesaid, to divide and apportion the residue of the net proceeds of sale of said real estate 'among my said children, as directed in the fifth item of this my will.
“Eighthly. I give and bequeath to my said children, to be divided among them in equal portions, the household goods and furniture aforesaid, or the proceeds of the sale thereof (if a sale thereof is thought best by my executors), after the death of my said wife.
“Ninthly. I authorize and direct my said executors, until the sale of my real estate, to keep the same in good repair, to pay all taxes and assessments against the same, to keep the buildings thereon well insured and to rent or [376]*376lease the same (with the exception of the said homestead and Washington street premises during the life of my said wife and the widowhood of my said daughter, Emma O. Adams, respectively), and to pay to and divide among my said children in equal shares the net rents and profits remaining after deducting necessary outlays and expenses for the purposes aforesaid, and the annuity of fifteen hundred dollars from the said Broad street premises; it being my wish that the expenses for taxes, assessments,- repairs and insurance and other necessary charges upon and in respect to my said homestead and the said Washington street premises shall be paid, so far as practicable, from the rents of said Broad street premises, until the latter premises shall be sold.
“Tenthly. I hereby authorize and direct my said executors, upon the sale of said Broad street premises, to retain also from the proceeds of the sale thereof the sum of five thousand dollars, and the same to invest as securely and profitably as practicable until the death of my said wife, and the death or remarriage of my said daughter, Emma C. Adams, and from the income or interest arising therefrom to pay the taxes, assessments, insurance, repairs and other necessary charges upon or in respect to said homestead and Washington street premises, during the time for which they are hereinbefore respectively given to my said wife and daughter.
“Eleventhly. I direct my executors, upon the death of my said wife, to divide the said twenty-five thousand dollars invested for her benefit in equal portions among my said children, and, upon the death of my said wife, to divide in like manner the said five thousand dollars directed to be invested as aforesaid, together with the accumulations of interest or income thereon (which I wish to be added to the principal from time to time while so invested).
“Twelfthly. Is is my will that the issue of any child who may hereafter decease shall receive the share or portion to which their parents would be entitled to if living.
“Lastly. I hereby appoint my son, Thomas N. Bolles, and my son-in-law, Augustus Crane, and the survivor of them, executors and executor of this my last will and testament.”

The testator’s widow and his daughter, Emma C. Adams, both died in the year 1877. His daughter, Anna A. Bolles, married Henry C. Howell in 1867 and died in 1875, intestate, leaving three daughters her surviving — Elizabeth, who is living and of full age, and Jennie and Anna, who both died in infancy. All the other children of the testator are yet living.

Shortly after the death of the testator, his personal estate, except the furniture in the homestead, was divided equally among his children.

After the testator’s death, the widow occupied the homestead and Mrs. Adams occupied the premises on Washington street [377]

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Bluebook (online)
49 N.J. Eq. 373, Counsel Stack Legal Research, https://law.counselstack.com/opinion/crane-v-bolles-njch-1892.