Huston v. Read

32 N.J. Eq. 591
CourtNew Jersey Court of Chancery
DecidedMay 15, 1880
StatusPublished

This text of 32 N.J. Eq. 591 (Huston v. Read) 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
Huston v. Read, 32 N.J. Eq. 591 (N.J. Ct. App. 1880).

Opinion

The Chancellor.

James Eakin, late of Mount Holly, died in May, 1856, leaving a will which was proved the 20th of that month. The will contains the following provisions:

■ “To my brother Samuel H. Eakin, I will and bequeath an annuity of four hundred dollars during his natural life, to be paid him quarter-yearly by my executors hereinafter named, and, at his death, it is my will and desire that said annuity be paid in equal proportions, and at like periods, to such of my legatees hereinafter named, or to their descendants, as I have by this will bequeathed annuities of two hundred dollars, and to no others.
“3d.—To my sister Joanna Shiras, I will and bequeath an annuity of one thousand dollars, to be paid her quarter-yearly by my executors; and, further, I will and bequeath to my said sister Joanna a life-estate in my house and lot of ground in Mount Holly, with all the appurtenances and improvements thereunto belonging, together with all the furniture, plate, china, books, pictures, and all the other contents of said house, in which I have an interest; and, at the death of my said sister Joanna, all her claim to and interest in said bequests are to cease, and, in her place and stead, I substitute my niece Mary P. Shiras, giving and bequeathing to her, during her natural life, and while unmarried, my aforesaid house and lot of ground, together with the furniture, annuity, and all other benefits and advantages secured by this instrument of writing to my said sister Joanna-Shiras. But, should my said niece Mary die or marry before the death of my said sister Joanna, then and in that ease, at the death of the latter, it is my will and desire that all the property, both real and personal, together with the annuity hereby secured to my said sister Joanna, and conditionally to my said niece Mary, be equally divided between my three nieces, or their descendants, named below, hereby giving them a title in fee-simple to my real estate.
4th.—To my three nieces, Martha Bead, wife of Dr. B. Z. Bead; Mary P. Shiras, if married, as, by such act, she forfeits all provision heretofore made for her by this testament; and Ellen Shreve, wife of Alexander B. Shreve, and to Elizabeth Eakin, wife of Constant M. Eakin, and to Eliza Eakin, wife of Alphonso L. Eakin, and to their heirs and descendants, I will and bequeath an annuity to each of two hundred dollars, to be paid to them by my executors, quarter-yearly; or, in the event of the death of either, said annuity to be paid to the [594]*594guardian of the infant child or children of the deceased, for the sole and entire benefit of the said infant or infants; or, should either of the annuitants die without leaving a child, then the annuity intended for her infant or infants to be equally divided between those of the survivors.
“7th.—The residue of the income of my estate, after the payment of the legacies and annuities heretofore provided for, I desire may be retained by my executors to meet and make good any losses which may be sustained on the personal estate or capital that I may die possessed of, leaving it with them to determine how often, and at what time, should there be a surplus fund arising from interest and dividends, it may be distributed among my female annuitants before named; but I hereby strictly enjoin it on my executors to use every possible means to prevent the capital of my estate being impaired. Should it, however, unfortunately happen that losses to such an extent should occur as to render the annual receipts unequal to the payment of all the annuities provided for, it is my will that my sister Joanna shall suffer no loss thereby, if alive, but the deficiency is to be borne by the other annuitants, in equal proportions.”

By a codicil (the first), dated February 1st, 1848, to the will, he made the following provisions :

“ At the time of the execution of that will [the will just mentioned], my nephew James E. Shiras, was unmarried, and, in consequence, it was not deemed necessary to introduce his name by making any provision for him. He having subsequently, however, taken a wife, I am unwilling that she should be overlooked in the distribution of my estate, and I, therefore, enjoin it on my executors, that from the residue of the annual proceeds of the property left by me, after the payment of all legacies and annuities given and granted by my will above referred to, there be paid to Susan Shiras, the wife of my nephew James, half-yearly, for her sole and entire use, independent of her husband, a like annuity with that provided for, by my said will, my nieces Martha and Ellen, with the following condition, viz., that should not the annual income of my estate be sufficient to meet such annuity, then the aforesaid Susan Shiras is to receive such sum, or portion of it, as the excess of receipts, after the payment of all sums provided for by my will, will authorize, and no more.”

By the will, the testator appointed Alphonso .L. Ealdn, Alexander R. Shreve, Zachariah R. Read and Abraham Brown, executors. The first three (Brown died in the lifetime of the testator) proved the will and codicil, and duly [595]*595assumed the execution thereof. Alphonso L. Eakin filed and settled a separate', intermediate account in the prerogative court where the will was proved, and his co-executors filed and settled a like account there. In 1862, Shreve and Read filed their bill in this court, as executors and trustees under the will, against their co-executor and co-trustee, Eakin, for an account of the estate in his hands. He filed a cross-bill against them for a like account. He having died, they filed a supplemental bill, in 1867, to bring in the administrators of his estate in his stead. They came in, and an account was taken, and they were ordered to deliver over the estate of James Eakin in their hands, to Shreve and Read, and did so accordingly. Subsequently, in 1870, the surviving executors filed and settled their final account, in the orphans court of Burlington county, by which it appeared that there was a balance of $52,322.47 of the estate in their hands.

Alexander R. Shreve, one of the executors, died intestate in 1870, and Ellen C. Shreve (now dead) and Alfred R. Shreve were appointed administrators of his estate. The testator’s brother Samuel died in 1859. Mary P. Shiras died in 1850, in the testator’s life-time. Joanna Shiras died in 1860. Martha Read died in 1861, leaving two children, the complainants. Ellen C. Shreve died in 1876, leaving three children. Elizabeth, wife of Constant M. Eakin, died in 1867, leaving several children. Eliza, wife of Alphonso L. Eakin, died in 1875. She left a child, a son, still living. Susan Shiras, mentioned in the codicil, of which part is above recited, died in 1870, leaving children.

The bill is filed for a construction of the will, and an account of the estate, and for payment in accordance with the directions of the court, after construing the will. The testator, by the will and codicils, in terms bequeaths only annuities, and makes no other express disposition of his personal estate, except that which belonged to his establishment, which he gives to his three nieces, subsequently named in the will, “ or their descendants.” His real estate [596]*596he gives to them in fee. It is evident, however, that he did not intend to die intestate of any part of his estate, but intended to dispose of it all by the will and codicil, and has done so.

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Bluebook (online)
32 N.J. Eq. 591, Counsel Stack Legal Research, https://law.counselstack.com/opinion/huston-v-read-njch-1880.