In re the Estate of Harrison

152 Misc. 234, 273 N.Y.S. 981, 1934 N.Y. Misc. LEXIS 1601
New York Surrogate's Court·Decided June 13, 1934·Published·Cited by 4 cases

Opinion

Hetherington, S.

In this proceeding a construction of the following paragraphs of decedent’s will is sought:

“ Item VII. All the rest, residue and remainder of my estate, real, personal and mixed, * * * I do give, devise and bequeath [235] unto my husband, Daniel A. Harrison and my brother, Henry Ridgely, and to the survivor of them, in trust, nevertheless, and to and for the following uses, intents, and purposes, that is to say: To control, manage, invest and re-invest the same and to divide, at least annually, the rents, income and profits arising therefrom into two equal parts, paying one of said parts unto my aforesaid daughter, Barbara W. Harrison, and the other of the said parts unto my son, Edward R. Harrison; and when and as soon as the Trust hereby created shall terminate as hereinafter set forth, to divide the corpus or principal of the trust fund aforesaid into two equal parts and to pay, assign, transfer and set over one of said parts unto my aforesaid daughter, Barbara W. Harrison for her own use absolutely and forever, and to pay, assign, transfer and set over the other of said parts unto my said son, Edward R. Harrison, for his own use, absolutely and forever. It is my opinion that the Trust created in this Item should be terminated by the Trustees or the survivor of them, when and as soon as my aforesaid daughter, Barbara, shall arrive at the age of thirty-five years, or, if my said daughter shall die before reaching said age, at such time as she would have been twenty-five years of age had she lived; but it is my desire and I do declare it to be my will that the time for the termination of the Trust herein created shall be vested exclusively in the discretion and judgment of the said Trustees, or the survivor of them, and that they or he shall have the right, power and authority to put an end to said Trust, and to make the division of the corpus aforesaid either before or after the time hereinbefore indicated, as they shall deem for the best interest of my said children, or either of them. I do further confer upon the said Trustees, or the survivor of them, the power, if they or he deem it advisable to exercise the same, to terminate the Trust as to one part or share of the said corpus before terminating the Trust as to the other part thereof. I do further vest in my said Trustees and the survivor of them all and every power and authority necessary or proper for the carrying out the spirit and intent of this Item and of the execution of the Trust hereby created. * * *

Item VIII. If either of my said children shall die before the termination of the Trust referred to in Item VII of this will, I do direct that the issue, if any of the one so dying shall be entitled during the continuance of the Trust created in Item VII of this Will to the income which their parent would have received if living, and such issue shall also be entitled upon the termination of the Trust aforesaid to receive so much or such part of the corpus of said Trust Fund as the parent would have received if then living; but if my child so dying as aforesaid shall leave no living issue, then [236] it is my will that my surviving child shall be deemed and held to be the sole beneficiary under the provisions of Item VII of this will. In the event of the happening of any of the contingencies referred to in this Item, the said Trustees or the survivor of them, are to have the same power and authority in regard to the trust aforesaid and to the period of its continuation and to the date of its termination as is conferred by Item VII of this will.”

The petitioner, a son and beneficiary of the testatrix, contends that the trust attempted to be erected is illegal and void because its duration is vested exclusively in the discretion of the trustees, or the survivor of them, and is not measured by two lives in being at the death of the testatrix. The special guardian for decedent’s five grandchildren and petitioner’s sister both deny the asserted invalidity and urge on the contrary that the trust does not offend against the statute.

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In re the Estate of Harrison, 152 Misc. 234, 273 N.Y.S. 981, 1934 N.Y. Misc. LEXIS 1601 (N.Y. Super. Ct. 1934).

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