Field v. Field

4 Sarat. Ch. Sent. 528
CourtNew York Court of Chancery
DecidedApril 1, 1847
StatusPublished

This text of 4 Sarat. Ch. Sent. 528 (Field v. Field) is published on Counsel Stack Legal Research, covering New York Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Field v. Field, 4 Sarat. Ch. Sent. 528 (N.Y. 1847).

Opinion

The Vice-Chancellor.

The testator has vested his whole estate, real and personal, in his executors as trustees, upon a variety of active trusts, which, if valid, confer upon them the entire legal title.

Their validity turns upon the construction of the residuary clause in the will.

After providing for his wife’s annuity, and the payment of pe[545]*545cuniary legacies to all his children, the testator directs the whole residue of his estate to be invested, so as to be safe and productive. No conversion of real estate is enjoined ; and he evidently contemplated that a part of the residue would be real estate, for he speaks of the rents and profits as forming a part of the income. It may be observed further, in this connection, that the residuary gifts are future estates and interests, and it is therefore wholly immaterial in the discussion of the validity of the trusts, whether the property be regarded as personal estate or as realty.. (See Arnold v. Gilbert, before the late assistant vice-chancellor, May 23, 1846.)

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

Related

Hawley v. James
16 Wend. 61 (Court for the Trial of Impeachments and Correction of Errors, 1836)
Boynton v. Hoyt
1 Denio 53 (Court for the Trial of Impeachments and Correction of Errors, 1845)

Cite This Page — Counsel Stack

Bluebook (online)
4 Sarat. Ch. Sent. 528, Counsel Stack Legal Research, https://law.counselstack.com/opinion/field-v-field-nychanct-1847.