In re the Application of Asch

75 A.D. 486, 78 N.Y.S. 561
CourtAppellate Division of the Supreme Court of the State of New York
DecidedJuly 1, 1902
StatusPublished
Cited by4 cases

This text of 75 A.D. 486 (In re the Application of Asch) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re the Application of Asch, 75 A.D. 486, 78 N.Y.S. 561 (N.Y. Ct. App. 1902).

Opinion

Patterson, J.:

John J. Danahar, the appellant, a purchaser at a judicial sale of real estate, applied to the court to be relieved from his purchase,' alleging that there could not be conveyed to him a good title to the premises purchased, for the reason that the proceeding in which the sale was ordered was ineffectual to transfer such a title, and that the court had no power to dispose of the interests in the land, as those interests existed when the proceeding was begun and when the oi’der directing the sale was entered.

That proceeding was a joint application of trustees under a will, and of the guardian of infant remaindermen, for the sale of a piece of real estate situate in the city of New York and known as 308 West Fifty-sixth street. The. property belonged to Simon A. Asch, who died seized of it and left a last will and testament which was duly admitted to .probate and which contained the following clause : “ To my dear wife Sarah, daughter of Emanuel Stern, during her life-time, the house No. 308 W. 56 street, in which we áre at present [489]*489living, together with the income from my half share in the houses. No. 230, 232, 320, 322, 324, 326, 328, & 330 East 72 Str., No. 326-(329) W. 38 Str., and * * * 434 W. 27 Str. This income to be paid to her in installments, at least once every three months, or oftener, if convenient. At her death, the whole of the above-named property to be kept in trust for our children then living and to be divided in equal shares amongst them on their reaching their-twenty-first birthday.”

That clause of the will was the subject of judicial construction in a properly constituted action to which all persons then in interest were made parties, and the decree therein adjudged the rights of those parties in and to the premises. It was determined that Sarah Asch, the widow of the testator, had a vested life estate in the premises 308 West Fifty-sixth street; that on her death, the trustees, would hold the premises upon several distinct trusts for the benefit of those children of the testator who survived their mother; that on the termination of the minority of any child or upon the death of any child during minority, the trust for that child would absolutely cease and determine, and that each of the children of the testator who might be living at the death of the mother would take a vested estate in remainder, expectant upon the termination of the trust at majority; that in the event of the death of any child before attaining majority, the share or portion held for the benefit of such child would be freed from the trust and the same would pass absolutely to his or her heirs or devisees ; and further that the trusts and remainders limited thereon did not cause an unlawful suspension of the power of alienation and that the same were in all respects valid and effectual. This decree settled the rights of all the parties, with the exception that it was not expressly determined who would be entitled to the property in case of the. death of all the children before their mother, in which event the' trust estate would not arise.

The application for the sale of the land, so far as the trust interest was concerned, was made under sections 85 and 87 of the Real Property Law (Laws of 1896, chap. 547), and of the legal estates in remainder, under the provisions of section 2348 of the Code of Civil Procedure. We do not understand that objection is taken to the form in which the applications were made, namely, the combination of the two. [490]*490in one proceeding. Nor do we understand that the appellant now "Contends that a proper case was not made for a sale of the real estate. The order confirming thé sale recites that the 'appellant stipulated that no question would be raised by him as to the sufficiency of the grounds stated in the papers to justify the court in finding that the interests of the parties will be promoted by a sale ; and we do not Understand that that recital is questioned or the stipulation repudiated. In any event, that matter was inquired into in the proceeding at Special Term and it was there shown that “ peculiar Teasons” or “-peculiar circumstances” existed which were sufficient to authorize a sale of the infants’ interests under subdivision '2 of section 2348 of the Code of Civil Procedure. In the proceeding an order was entered appointing a referee to report the facts, and he reported that “the facts stated in the petition ” were - true, and that the interests of the infants and the trust estate would be promoted, by a sale of the property for the sum of $18¿000 — after which an order was entered confirming the referee’s report and directing that the premises be sold, including the estates both of the trustees and of the infants, and authorizing •a special guardian of the infants to contract for a sale of the premises for a sum not less than $18,000. The order also contained a provision that the guardian report under oath the terms and conditions made by him for the sale of the premises, and that if required ■by the purchaser, Sarah Asch, individually and as executrix and trustee, and Edward Isaacs, as executor and trustee, should join With the special guardian in a deed of the premises. That order Was entered on the 26th of March, 1891. In January, 1902, the special guardian reported to the court that a contract had been made by him with Danahar for a sale of the premises for the sum of ¡$ 18,250. That agreement or contract of sale was made between ¡Sarah Asch, individually and as trustee under the last will and testament of Simon A. Asch, deceased^ Edward Isaacs, as trustee under said last will and testament, Edgar Asch, individually (he being one of the children of the testator who had attained majority at the time the contract was made and as to whom the trust had ceased Herman A. Hyde, as guardian ad litem for four infant children •of the testator, and' Danahar. By this agreement Danahar contracted to buy, not only the estate of the trustees and the [491]*491remainders of the children, but also the life estate of Sarah Asch and the vested remainder of Edward Asch. The contract is for the purchase of "the premises 308 West Fifty-sixth street, subject to its confirmation and approval by the Supreme Court. Danahar agreed to purchase the whole premises at the consideration of $18,250, to be paid in a certain way, and the parties of the first part at their own proper cost and expense agreed to execute, acknowledge and deliver to Danahar or his assigns a proper deed for conveying and assuring to him or them the fee simple of the said premises, free from all incumbrances.

It is evident from this contract of sale that Danahar, the purchaser, expected and was entitled to acquire the fee of the premises — that is, the whole estate, and that was the contract approved by the court. He was to acquire the life estate of the widow and the vested remainder in fee of Edgar, the adult child, by contract with them and the trust estate and the legal interests in remainder of the infant children, through the action of the court to be evidenced by its order confirming the contract. Such an order was duly made on the 28th of January, 1902. It recites that a sale of the premises had been directed by the court subject to its approval; that it had been made to appear that a contract had been entered into and that the interests of the trust estate and the interests of the infants would be substantially promoted by such sale for divers peculiar reasons and by virtue of divers peculiar circumstances,” and then proceeds to direct that such contract for the sale of the property 308 West Fifty-sixth street to the said John J.

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Bluebook (online)
75 A.D. 486, 78 N.Y.S. 561, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-application-of-asch-nyappdiv-1902.