deBrossard v. Van Norden

113 A.D.2d 123, 495 N.Y.S.2d 369, 1985 N.Y. App. Div. LEXIS 52069
Appellate Division of the Supreme Court of the State of New York·Decided November 19, 1985·Published·Cited by 3 cases

Opinion

OPINION OF THE COURT

Sullivan, J.

This is an appeal from the grant of summary judgment dismissing the complaint. The facts are not in dispute. On May 29, 1970, contemporaneously with the execution of a formal separation agreement between them, plaintiff Boyd P. deBrossard and Pauline Cave, then Pauline deBrossard, entered into an agreement, which, insofar as is relevant, provides:

"1. Pauline employs Boyd as a financial advisor and consul[124]*124tant to her and Boyd accepts such employment. Boyd shall, if requested by Pauline, serve as a trustee of a trust of which she is the settlor * * * Boyd, as financial advisor to Pauline, shall, at her written request, advise her in writing or by telephone (as he elects) with respect to such financial matters.
"2. Pauline shall pay Boyd for such services at the rate of $25,000 a year to commence forthwith and continue through January, 1994, unless his services are sooner terminated by his death * * *
"3. Pauline’s obligation to Boyd shall be binding upon her heirs, representatives and assigns and shall terminate only in the event of Boyd’s death.”

Plaintiif received the payments due under this agreement until Cave’s death on November 20, 1983. When her executors, defendants herein, refused to make any further payments, plaintiif commenced this action to recover $241,667, representing the balance due under the damage formula in the agreement.

Free access — add to your briefcase to read the full text and ask questions with AI

deBrossard v. Van Norden, 113 A.D.2d 123, 495 N.Y.S.2d 369, 1985 N.Y. App. Div. LEXIS 52069 (N.Y. Ct. App. 1985).

113 A.D.2d 123 (deBrossard v. Van Norden) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Choczner v. William Penn Life Insurance
212 A.D.2d 750 (Appellate Division of the Supreme Court of New York, 1995)
Grimaldi v. Pagan
135 A.D.2d 496 (Appellate Division of the Supreme Court of New York, 1987)