In re the Intermediate Accounting of Montgomery County Trust Co.

22 Misc. 2d 293, 203 N.Y.S.2d 683, 1959 N.Y. Misc. LEXIS 2888
CourtNew York Surrogate's Court
DecidedOctober 8, 1959
StatusPublished
Cited by1 cases

This text of 22 Misc. 2d 293 (In re the Intermediate Accounting of Montgomery County Trust Co.) 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 Intermediate Accounting of Montgomery County Trust Co., 22 Misc. 2d 293, 203 N.Y.S.2d 683, 1959 N.Y. Misc. LEXIS 2888 (N.Y. Super. Ct. 1959).

Opinion

John F. Bennison, S.

This is a proceeding brought by Montgomery County Trust Company as successor trustee under the last will and testament of Sarah H. Arkell for a judicial settlement of its intermediate accounting as successor trustee. The successor trustee also seeks a construction of article sixth of the last will of decedent to determine the division of the corpus of the trust at its termination and for a construction of article seventh of the last will of decedent as to investment responsibilities by reason of the fact that only one of the children of the testatrix is now living. Sarah H. Arkell died on February 24, 1911 leaving a last will and testament dated January 22, 1910. This will was duly admitted to proba te in this court on March 6, 1911. At the time of her death, decedent left her surviving five children, Bartlett Arkell, William J. Arkell, Bertelle Arkell Barbour, Mary Arkell Burnap and Laura Arkell Use (now Platt).

Article fourth of the will devises the family homestead to the three daughters of the testatrix, to be held during the lifetime of two of them, namely Laura Arkell Ilse (now Platt) and Bertelle Arkell Barbour, and directs that upon the death of the survivor of them the real estate should be sold and the proceeds divided and distributed equally to surviving children of the testatrix and the issue of such children as. shall be deceased, such issue to take per stirpes or the deceased parents’ share only.

Under article fifth of the will, the residue of the personalty is bequeathed in trust for the life of decedent’s daughters. Laura Arkell Ilse (now Platt) and Bertelle Arkell Barbour and the survivor of them. The trustee is directed to pay to the life tenants in the realty an annual amount not in excess of $3,000 for the maintenance of the realty, the balance of the annual income to be divided equally between her children, Mary Arkell Burnap, Laura Arkell Ilse, Bertelle Arkell Barbour, William J. Arkell and Bartlett Arkell, or the survivor or survivors of them and the issue of such of her children as shall be deceased, such issue to take per stirpes or the deceased parents’ share only. Article Sixth which disposes of the [295]*295remainder after the termination of the trust provides as follows: SIXTH:- — After the termination of the said trust, I hereby ¿give devise and bequeath all of said .personal property and personal estate held by the said Bartlett Arkell in trust as .aforesaid, together with any undistributed income earned thereon, unto my two sons and said three daughters, share and share equally, and the survivor -or survivors of them, and the issue of such -of my -children as shall be deceased, such issue 'to take per stirpes or the deceased parents share only.”

All five of .said children of the testatrix were living at the time of her death. -All with the exception o‘f Laura Arkell Use (Platt) are now deceased and have issue now living. Laura Arkell Platt, the surviving measuring life of the trust and the ■life estate in the realty is still living and has no issue. 'The precise question now before the court on the question of construction of article Sixth of the will is to whom the corpus of the trust is to be distributed upon the death of Laura Arkell Platt. The answer depends upon whether the remainder interests upon the termination of the trust are vested or contingent.

It .is unnecessary to cite the numerous authorities establishing the principle that the law favors the vesting of estates, that the use of words “give and bequeath” or “ give and devise ’ ’ imports an intention to vest a present interest in the legatees or devisees -designated and the use of words of time such as “at ”, “ on ” and “ after ” usually refers to the time of enjoyment of the estate and not to the time of vesting in interest. These rules of construction, however, must yield when the testator has clearly and unambiguously expressed his intention in the will and if there be any ambiguity with respect to an isolated provision of the will the true intention of the testator must be determined by an examination of the will as a whole. An analysis of the entire will leads to the conclusion that survivorship at the time of the termination of the life estate in the realty and the termination of the trust was intended by the testatrix. (Matter of Bishop, 195 Misc. 204.)

A determination as to whether the remainder interests here under consideration after the termination of the tittst are vested or contingent depends in the final analysis upon the meaning of the following language used by the testatrix: “ and the survivor or survivors of them and the issue of such of my children as shall be deceased, such issue to take per stirpes or the deceased parents share only.” This identical language is used by the testatrix in articles Fourth, Fifth and Ninth of the will -as well as in article Sixth. Turning first to article Fourth pf the will which disposes of the family homestead, there can [296]*296be no doubt that the testatrix intended that only those children living at the time of the death of the survivor of the two life tenants and the issue per stirpes of any deceased child were to share in the proceeds of the sale of the real estate. Obviously there could be no proceeds from the sale to distribute until after the termination of life interests and the only words of gift are contained in the direction to divide and distribute the proceeds of sale of the real estate which could be done only after the death of the two life tenants or, to use the testatrix own words ‘ ‘ immediately after the death of the said Laura Arkell Ilse and the said Bertelle Arkell Barbour, and the survivor of them.” (Emphasis added.) In other words, futurity is annexed to the gift itself making it clearly contingent so that only those children who are alive at the death of the last of the two life tenants and the issue per stirpes of such children as shall then be deceased are entitled to take.

Although the family homestead was sold subsequent to the death of the testatrix and the proceeds of the sale were made a part of the remainder of the estate of decedent by agreement, this does not alter the fact that upon the death the last life tenant, Laura Arkell Platt, the proceeds of the sale of the real estate would be distributable only to the issue of the children of the testatrix living at that time, who would take per stirpes the shares that their respective parents would have taken if alive. (Bryer v. Finnen, 178 App. Div. 671; Matter of Vander Roest, 175 App. Div. 941, affd. 220 N. Y. 664; Matter of Mahuson 57 N. Y. S. 2d 443.)

Article Fifth of the will setting up the trust of the residue of the estate uses the same measuring lives, that is, the two daughters, Laura and Bertelle ‘ ‘ and the survivor of them ’ ’ and is inextricably tied in with the use of the homestead property during those measuring lives. ‘ It would require a straining of the language of the will to hold that the testatrix intended that the word ‘1 surviving ’ ’ in article Fourth should acquire a different meaning when used in article Fifth and Sixth or that the income from the trust under article Fifth and the corpus at the termination of the trust under article Sixth were to be treated any differently than the proceeds of the sale of the real estate.

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22 Misc. 2d 293, 203 N.Y.S.2d 683, 1959 N.Y. Misc. LEXIS 2888, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-intermediate-accounting-of-montgomery-county-trust-co-nysurct-1959.