In re the Estate of Sheldon

5 Mills Surr. 506, 51 Misc. 449, 101 N.Y.S. 729
CourtNew York Surrogate's Court
DecidedSeptember 15, 1906
StatusPublished

This text of 5 Mills Surr. 506 (In re the Estate of Sheldon) 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 Sheldon, 5 Mills Surr. 506, 51 Misc. 449, 101 N.Y.S. 729 (N.Y. Super. Ct. 1906).

Opinion

Kiley, S.

On the 5th day of June, 1881, William P. Sheldon, who was the father of Edwin B. Sheldon, William P. Sheldon and Mary Augusta Collins, died at the town of Hamilton, county of Madison, State of New York. He left a last will .and testament in and by which, among other things, he provided by the third paragraph thereof as follows: I order and direct my executors, or such of them as may receive letters testamentary, to invest the sum of $600 in some good, safe interest-bearing security, or upon a bond and mortgage at interest so as to be safe and secure, and to receive the interest arising therefrom, and to apply such interest, or so much of the principal from time to time as may be necessary, to support and maintain my •daughter Mary Augusta Collins, until both interest and principal is exhausted in furnishing to my said daughter a decent and proper support and maintenance as long as she may live, .and in case the said Mary Augusta Collins, shall die before the whole of the principal sum of $600 or .the interest arising therefrom is exhausted in furnishing her with a support and maintenance, then my said executors are to use any such balance so left or remaining after the death of the said Mary Augusta Collins to the payment of any legacy herein given, or to use and apply the same in furnishing the support and maintenance of my wife as hereinafter provided, as my said executors may deem best.”

In and by the sixteenth paragraph of said will, the said testator further provided for the petitioner, Mary Augusta Collins-, as follows: “ I further will and direct that my daughter, Mary Augusta Collins, be permitted to remain and reside with her mother so long as my said wife shall live, and my said wife has the privilege at her own discretion to assist in the support and maintenance of the said Mary Augusta Collins out of that portion of my estate which, under the provisions of this- will, passes "into the possession of my said wife for the purpose of furnish[508]*508ing a maintenance and support of my said wife during her life,, as herein provided.”

It appears from the evidence and from the proceedings now before the court that the estate of William P. Sheldon, amounting to $5,952.81, was settled among the parties entitled thereto-by the distribution thereof after the death of Mary A. Sheldon,, wife of the testator, in 1890, except the trust fund of $600 provided for by paragraph. 3 of testator’s will.

On April 23, 1906, Mary Augusta Collins, beneficiary named in the trust created by the third paragraph of said will, presented to this court her petition, in and by which she alleged, that the surviving executors of the will of William P. Sheldon,, deceased, had failed to supply her moneys that she was entitled to under said trust, and praying in. her said petition for a decree of the court requiring said surviving executors to render their account of their proceedings as such executors, and that it be further decreed that they pay to her the income of said trust fund, and so much of the principal as she should need for her comfortable support and maintenance.

Citation was issued on that petition to the executors, and they then filed a petition for a final and judicial settlement of their accounts as such executors. The proceedings were tried together.

It appears from the evidence that the petitioner, Mary Augusta Collins, at the time of the death of the testator, and for some years previous thereto, had been living separate and apart from her husband, Wallace W. Collins, and was living with her father, and after his death continued to live with her mother until her death, and soon thereafter went to live with her husband in the town of Augusta, Oneida county, 1ST. Y., and that she has ever since been and is now living there.

By the terms of the will of W. P. Sheldon, all of his estate, after paying some specific legacies, was turned over to his widow-during her lifetime, for her use and support.

[509]*509It further appears that the $600 mentioned in the third paragraph of said will was a portion of the estate that Mrs. Sheldon, «executrix, held during her lifetime, and that after her death the $600 was retained by E. B. Sheldon, one of the executors, -and that he now has the said $600 in his possession; that the same was so held by him under an agreement with the beneficiary, and upon which he was to pay interest at the rate of five per cent, per annum.

That on April 21, 1901, he paid to the beneficiary and cestui «que trust under said will, Mary Augusta Collins, the sum of $100, which, according to the receipt taken at that time, paid ■the interest upon the $600- to January 1,. 1902. This receipt is in evidence and is signed by the petitioner, M«ary Augusta Collins, and witnessed by her husband, Wallace W. Collins, and by a brother-in-law, A. N. Peckham.

It is not seriously contended by the attorney for Mrs. Collins that this receipt does not show a valid settlement for all ■claims for interest up to January 1, 1902, and it is so held by the court.

It also appears by the evidence that the interest due January 1, 1903, was applied upon a store debt due from Mrs. Collins ■and her husband to E. B. Sheldon.

It is contended by the executors that since that time, by a course of dealing which was authorized by Mrs. Collins, and was ■carried on by herself and her husband, the interest was not paid to her personally, but was paid for her and- to her husband; that for years they had purchased goods from the store of Mr. E. B. Sheldon, who is one of the executors who held the $600, and that 'the account was reduced by the amount of this interest as the same became due, pursuant to- authority from Mrs. Collins, and by mutual understanding between all of the parties interested.

It further appears from the evidence that E. B. Sheldon •signed a note, or notes, with Mr. and Mrs. Collins, paid interest for them, advanced money for them, and at various times [510]*510paid money to Hr. Collins on account of interest due on this trust fund of $600.

Both Mrs. Collins and her husband, W. W. Collins, now contend that the moneys so advanced by Mr. Sheldon to Mr. Collins, and the notes paid by him for them since January 1, 1903, were not authorized by her, and it was not intended that the interest upon the trust fund should be used in paying that indebtedness.

It appears from the evidence that, during all of the time from January 1, 1903, down to date, she was in straightened circumstances and needed money, and yet she, at no time, except as her husband asked and received money, called upon the executors for a payment on account of this trust fund.

Ror did Collins ever intimate, when he was drawing those several sums of money, and when those several payments were being made for his benefit, or raise any question but what the money so received and the benefit so conferred were in behalf of his wife, Mrs. Collins, and inured, to her benefit; and he has never offered to repay any of those sums of money to Mr. Sheldon.

Mrs. Collins is a well-preserved woman for one of her age and fully understood that these payments and groceries were being made and furnished on her account, and it would be hardly just to allow her to come in and say now: “Although you made those payments to my husband and I received the benefit of them, yet I desire that you pay them over again because you did not pay them to me personally.”

Free access — add to your briefcase to read the full text and ask questions with AI

Cite This Page — Counsel Stack

Bluebook (online)
5 Mills Surr. 506, 51 Misc. 449, 101 N.Y.S. 729, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-estate-of-sheldon-nysurct-1906.