In re Lockwood

17 N.Y.S. 771, 43 N.Y. St. Rep. 618, 63 Hun 630, 1892 N.Y. Misc. LEXIS 507
CourtNew York Supreme Court
DecidedFebruary 18, 1892
StatusPublished

This text of 17 N.Y.S. 771 (In re Lockwood) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re Lockwood, 17 N.Y.S. 771, 43 N.Y. St. Rep. 618, 63 Hun 630, 1892 N.Y. Misc. LEXIS 507 (N.Y. Super. Ct. 1892).

Opinion

Van Brunt, P. J.

The only questions raised by this appeal are as to making legacies continuous charges upon a residuary estate, and as to the authority of the surrogate to direct the trustees named in the will in question to retain out of the residuary estate the sum of $15,000, and invest the same, and pay and apply the interest and income arising therefrom, and so much of the principal as might be necessary to the payment of all legacy and succession taxes, and all charges and expenses of certain legacies and the administration thereof. In the year 1889 one Gerardus A. 0. Van Beuren died in the city of Yew York, leaving a last will and testament, dated March 26,1878, anda codicil thereto, dated July 12,1884. The will and codicil were duly admitted to probate, and upon the accounting of the executors the surrogate was requested to construe the sixth clause of the will. The testator, after numerous bequests, gave to his trustees two bonds and mortgages for $5,000 each, one made by Calkins and the other by Bacon, to receive the interest, pay the same, as it might accrue, to his sister-in-law, Rachel A. Van Beuren, during her widowhood, and on her marriage or death gave one of the bonds and mortgages to a niece Carrie, and the other to-a niece Eliza. He also gave to his trustees a bond and mortgage of $5,000, and one of $3,000, made by Calkins, and a bond and mortgage of $2,000 made by Shaw in trust, to set apart and hold the same, receive the interest, and pay the same as it should accrue to his brother Samuel D. Van Beuren during his life, and at his death he gave the first two of said bonds and mortgages, amounting to $8,000, to one of his nieces, and the other bond and mortgage to a nephew.

The fifth and sixth clauses of the will are as follows: "Fifth. I give and bequeath unto the said trustees all the rest, residue, and remainder of the property and estate, both real and personal, of every description, and- wherever situated, of which I may die seised or possessed, the real estate to be sold as soon as may be, in their discretion, either at public orprivate sale, as they may deem best for the interest of my estate, and, after paying my debts, funeral expenses, and small gifts hereinbefore named, to have and to hold the same in trust, to set apart, invest, and hold the proceeds thereof, to receive the interest thereon as it accrues, and pay over to my brother Simeon B. Van Beuren, of Y. Y. city, during his natural 'life, the sum of six hundred dollars ($600) a year out of the interest so received, adding the balance of said interest to the main sum to accumulate. Upon the demise of my brother Simeon I give and bequeath to my nephew, John, provided he cancels a claim'against, me of four hundred and sixty-eight dollars ($468,) for brother Samuel’s board, if it be not already paid, two thousand dollars, ($2,000;) to my cousin, William H. Van Vorst, one thousand dollars, ($1,000;) to my friend Luke A. Loekwoofl, for his fidelity to me, one thousand dollars, ($1,000;) to the St. Paul’s Episcopal Society at Riverside, Conn., five hundred dollars, ($500;) [773]*773and the balance to my nephew, Theodore, and his heirs, to his and their own use and benefit forever. Sixth. All legacy and succession taxes and expenses which may be payable in respect of the bequests and devises in this will contained, I direct to be paid out of the interest from the proceeds of the real estate, so that each annuitant receive the whole of the income derived from the principal sum held in trust for his or her benefit. And, should any of the legacies herein lapse, the same shall be distributed among my surviving nephews and nieces, (excepting Theodore,) share and share alike. Those leaving lawful issue then surviving, such issue shall receive the share the parent would have taken if living. ” The seventh clause provides as to the time when annuities are to commence. The eighth clause is as follows: “Eighth. In ease I should part with any of the securities herein bequeathed in trust, I direct my executors and trustees to supply the deficiency by investing out of the funds of my estate the necessary amount so lacking, and apply the amount so lacking, and apply the same to the fulfillment of such bequests, or substitute any other that I may have left, bearing not less than six per cent, interest, not otherwise disposed of. And in case any of them shall be paid off before the termination of the trust upon which they may be held, I direct that the trustees reinvest the proceeds thereof, and hold the same upon the same trusts upon which they hold those paid off, and in the same manner, and upon the same limitations, as if they had not been so changed.”

This will was dated March 26, 1878. On the 12th of July, 1884, the testator made a codicil thereto, in whicfi he ratified and confirmed his will, save so far as any part of it was inconsistent with the codicil, and such parts as were inconsistent were revoked; and, after having specially revoked some and changed other specific legacies contained in his will, the codicil proceeded as follows: “It is my will, and I now order and direct, that paragraph marked ‘Fifth’ of my said will, be, and it is hereby, amended so as to read, and the same shall read, as follows: ‘Fifth. I give, devise, and bequeath to my trustees all the rest, residue, and remainder of my estate, real and personal, of every description, and wheresoever situated, of which I may die seised and possessed; the real estate to be sold as soon as may be, in their discretion, either at private or public sale, as they may deem for the best interest of my estate, in trust that, after paying my debts and funeral expenses, they pay the interest or income on a certain bond and mortgage for twelve thousand dollars, ($12,000,) made by William H. "Van Vorst and wife, on the premises known as Ho. 156 Wooster St., N. Y., to my nephew Theodore Yan Beuren (quarterly, if possible) during his natural life, and upon his individual receipt, and, upon the death of my said nephew Theodore, that they assign the said bond and mortgage, or the proceeds thereof, half to my nephew John and his heirs, and half to my nephew Oliver and his heirs. And that my trustees set apart and invest out of said residuary estate, or proceeds thereof, the sum of twelve thousand dollars, ($12,000,) and pay the interest or income thereof to my brother Simeon B. "Van Beuren in quarterly payments during his natural life and upon his individual receipts; and upon his death they pay the said sum of twelve thousand dollars, ($12,000,) half thereof to my nephew John and his heirs, and half thereof to my nephew Oliver and his heirs. And that my trustees pay out of my said residuary estate, or the proceeds thereof, to cousin William H. Yan Yorst one thousand dollars, ($1,000;) to my friend Luke A. Lockwood, for his fidelity to me, one thousand dollars, ($1,000;) to St. Paul’s Episcopal Society, at Riverside, Conn., five hundred dollars, ($500;) to my cousin Schuyler Westervelt, of Spring Yalley, Rockland Co., H. Y., one hundred, ($100;) and that they divide the remainder of my said residuary estate equally, and pay one-half thereof to my nephew John and his heirs, and the other half thereof to my nephew Oliver and his heirs.’ And I hereby revoke all of said para[774]*774graph fifth of my said will omitted from this paragraph in this, my codicil.” It is apparent, therefore, that the method of construction claimed by the respondents—that the will should be construed as though the codicil were incorporated therein and originally formed part thereof—cannot prevail, as the codicil expressly declares that, where inconsistencies' arise, the codicil is to prevail, and the will is pro tanto revoked.

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Bluebook (online)
17 N.Y.S. 771, 43 N.Y. St. Rep. 618, 63 Hun 630, 1892 N.Y. Misc. LEXIS 507, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-lockwood-nysupct-1892.