In re the Estate of Jackson

175 Misc. 882, 25 N.Y.S.2d 102, 1940 N.Y. Misc. LEXIS 2564
CourtNew York Surrogate's Court
DecidedDecember 18, 1940
StatusPublished
Cited by8 cases

This text of 175 Misc. 882 (In re the Estate of Jackson) is published on Counsel Stack Legal Research, covering New York Surrogate's Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re the Estate of Jackson, 175 Misc. 882, 25 N.Y.S.2d 102, 1940 N.Y. Misc. LEXIS 2564 (N.Y. Super. Ct. 1940).

Opinion

Delehanty, S.

In these consolidated proceedings for a construction of the will of deceased, the questions raised involve the validity of the exercise of a power of appointment. One of the petitioners will share in a portion of the fund if the power was validly exercised. The cross-petitioners will share under the donor’s will in the appointive fund if the power of appointment was not validly exercised.

The testator died on April 15, 1895. He was survived by five children. He left a will dated March 9, 1887, and a codicil dated January 17, 1893. By his will he created separate trusts for each of his five children for their respective lives. The remainder of each trust was disposed of in the following language: “ Upon the death of each life tenant, the said one-fifth of my property, the income of which fifth part is above given to such life tenant, shall go to and is hereby devised to the children and heirs at law of such life tenant in equal shares per stirpes (not per capita)."

The second paragraph of the codicil provides:

Second. I empower each of my said children who shall survive me by or through his or her last will or testament duly executed in accordance with the laws of the State of New York to direct or appoint the disposition upon his or her decease of the share of my estate which theretofore have been held in trust for his or her life use or for any part or parts of such share provided however that this disposition shall be to such and in such sums or proportions among my then living lineal descendants and the Presbyterian Hospital (of which John S. Kennedy is now President) and the Roosevelt Hospital (of which John M. Knox is now President) as the child so making the direction or appointment may deem proper. And a testamentary appointment thus made by [884]*884either of my children in so far as operative shall upon his or her decease take the place of the provisions of my will with reference to the then disposition of the share to which the same shall be applicable. And in giving this power to my several children I confide in their discretion and sense of justice and propriety with the hope that the power will be exercised (if at all) in favor of my lineal descendants or some or one of them unless there shall exist reasons appealing to their sound judgment for a different exercise of the same.”

The fourth paragraph of the codicil provides:

“ Fourth. Upon the decease of each of my said children in case he or she shall leave no lawful issue him or her surviving it is my will and direction that the share theretofore held in trust for his or her life use in so far as not effectually disposed of by his or her testamentary direction or appointment shall go and be paid over or transferred absolutely and in fee to my other then living children and to the then living lawful issue of any child of mine theretofore deceased provided however that such issue of a deceased child shall in any case take per stirpes only the share which their parent would have taken if living. And it is my confident hope that either of my children thus acquiring in fee during life any portion of my estate will possess and manage the same discreetly and with due reference to the advantage of shares remaining in trust and in the final disposition thereof will bear in mind the welfare and prosperity of my family.”
The last sentence of the fifth paragraph of the codicil provides: “ And the expression by me in this codicil of a request or hope is not to be construed as an obligatory requirement restricting estates, rights or powers otherwise conferred by me.”

A daughter of deceased purported to exercise her power of appointment by the fifth paragraph of her will. This provides:

“Fifth. I devise and bequeath all of the rest, residue and remainder of the property held in trust for me under the last will and testament of my father, Peter A. H. Jackson, deceased, which property I am entitled to designate and appoint under the will of my father, to my Trustees hereinafter named as follows:
“ (a) I bequeath Fifty thousand dollars ($50,000) thereof to my Trustees, in trust, to hold, invest, and reinvest the same and pay the net income thereof to my brother, Stephen Hull Jackson, during the term of his natural life. Upon his death I direct my Trustees to terminate said trust for his benefit and transfer the principal thereof, together with any accumulated income, to the charitable trust in memory of my father, Peter A. H. Jackson, and my mother, Esther Hull Jackson, established in and by paragraph ‘ (c) ’ of this Article of my, will, in augmentation thereof.
[885]*885“ (b) I bequeath Fifty thousand dollars ($50,000) thereof to my Trustees, in trust, to hold, invest and reinvest the same and pay the net income thereof to my sister, Abigail Hull Louderback, during the term of her natural life. I especially request of my sister that she use said income for herself exclusively. Upon her death I direct my Trustees to terminate said trust for her benefit and transfer the principal thereof, together with any accumulated income, to the charitable trust in memory of my husband, Hon. Charles Tremain, established in and by paragraph ‘ (d) ’ of this Article of my will, in augmentation thereof.
“ (c) I devise and bequeath one-half of the remainder of said property (or should my brother, Stephen Hull Jackson, predecease me, one-half of the remainder of said property and the share herein-above bequeathed to him in subdivision ‘ (a) ’ of this Article), to my Trustees hereinafter named and the successors thereof, in trust, nevertheless, for the following uses and purposes: I direct my Trustees to hold, invest, and reinvest said property and collect and receive the income thereof, and pay the net income in perpetuity to the Presbyterian Hospital in the City of New York, which said income shall be used by said hospital for the purpose of maintaining a ward of approximately four beds for the care of American-born or naturalized sick, crippled, or disabled poor of the City of New York who cannot afford proper medical or surgical care and treatment. Said gift is made in memory of my father and mother and is to be known as the ‘ Peter A. H. Jackson and Esther Hull Jackson Memorial Trust for Charitable Purposes.’ It is my wish that said hospital shall affix a small plate over the door of the ward with the following inscription: ‘ Endowed by Esther Hull Tremain in memory of her father, Peter A. H. Jackson, and her mother, Esther Hull Jackson.’
“ (d) I devise and bequeath one-half of the remainder of said property (or should my sister, Abigail Hull Louderback, predecease me, one-half of the remainder of said property and the share herein-above bequeathed to her in subdivision ‘ (b) ’ of this Article), to my Trustees hereinafter named and the successors thereof, in trust, nevertheless, for the following uses and purpses: I direct my Trustees to hold, invest, and reinvest the same and collect and receive the income thereof, and pay the net income in perpetuity to The Roosevelt Hospital in the City of New York, which said income shall be used by said hospital for the purpose of maintaining a ward of approximately four beds for the care of American-born or naturalized sick, crippled, or disabled poor of the City of New York who cannot afford proper medical or surgical care and treatment. Said gift is made in memory of my husband and is to [886]

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Bluebook (online)
175 Misc. 882, 25 N.Y.S.2d 102, 1940 N.Y. Misc. LEXIS 2564, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-estate-of-jackson-nysurct-1940.