In re the Judicial Settlement of the Account of Collins

54 N.Y. St. Rep. 23
CourtNew York Supreme Court
DecidedJune 30, 1893
StatusPublished

This text of 54 N.Y. St. Rep. 23 (In re the Judicial Settlement of the Account of Collins) is published on Counsel Stack Legal Research, covering New York Supreme 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 Judicial Settlement of the Account of Collins, 54 N.Y. St. Rep. 23 (N.Y. Super. Ct. 1893).

Opinions

The following is the opinion of the referee:

R. E. Deyo, Referee:

John Gr. Collins died in 1858. His estate consisted of personal property, a piece of real estate, Ho. 41 [24]*24Wooster street, and another piece in Eighty-fourth street (York-ville). His will was admitted to probate September 20, 1858. It provided that during her widowhood his wife should have the1 net income of his property in Wooster street for the support of herself and their children. He also gave her certain personal property absolutely, and “ the interest and income, use and benefit, of all the residue of my estate during her widowhood.” If she remarried, she was restricted to the use “ during her life ” of the house and lot in Eighty-fourth street, sometimes called the “ house in Yorkville,” and an annuity of $50. In the event of her remarriage, the income of his estate, except the annuity and Eighty-fourth street (Yorkville) house, was to be divided between his children until his son George W., who was his youngest child, arrived at age. At that time, if his widow had remarried, all his estate, except the Eighty-fourth street house and the amount set apart to raise her annuity of $50, was to-be divided between his children. At the death of his widow, the Eighty-fourth street (Yorkville) house was to be sold by the executors, and the proceeds thereof “and of all my other estate” divided “between my descendants.” The testator left him surviving his widow and three children, William, John W., and George W. Collins; the two latter then being infants. In 1860 the widow married Daniel Saunders. In 1861 William Collins and John Findley, the only executors who qualified, rendered an account in this court. The usual proceedings were had, and a decree was entered June 1, 1861, showing a balance in their hands of $523.36, which they were directed to-distribute. The rents of the Woostcr street property were received by William Collins, as executor, from the time of his mother’s remarriage, in 1860, until the property was sold to him, as hereinafter stated. George W. Collins, the youngest son, became of age in August, 1866. In May, 1867, William Collins purchased, from his two brothers their interest in the Wooster street property, and'thus became its sole owner. In April, 1874, the Eighty-fourth street (Yorkville) property was sold to Abbie M. W. Peffers. Two conveyances were made, one by William Collins-as executor; the other by Mary Saunders, the widow, William and John W. Collins and their wives, and George Collins. The total consideration was $8,500, made up as follows: $4,000 secured by a mortgage on the Eighty-fourth street property ; $4,000 by a mortgage on property in Eighty-third street; Harlem Bank stock, par-value $200; and cash, $300. The mortgage-on the Eighty-fourth street property has been paid. The mortgage on the Eighty-third street property was foreclosed, and the property bought in by William Collins, he taking the title as executor. From the time of her remarriage until her death Mrs. Saunders was not called upon to bear any portion of the expenses of the Eighty-fourth street house, such as taxes, repairs, etc., and after the Eighty-fourth street house was sold, and the mortgage on the Eighty-third street house taken in part payment thereof had been foreclosed and bought in, she received the gross rents-pf that house to the time of her dpath, all the expenses being. [25]*25paid by William. Collins, and charged nominally against the estate. John W. Collins died January 7, 1877, leaving a widow: also one child, named Emma L. Collins. Mrs. Saunders died in October, 1886. William Collins collected the rents on the Eighty-third street house from the widow’s death down to May 4, 1888, when the property was sold for $15,750. Part of the purchase money was secured by a mortgage on the property, but on the 4tli day of January, 1889, the whole amount had been paid up. Emma L. Collins is the general guardian of Emma L. Collins, who is an infant over the age of fourteen years, the said infant being the only surviving child of John W. Collins.

On January 13, 1890, the said guardian filed her petition setting forth, among other things, that William Collins was the sole surviving executor of John 0. Collins; that by reason of the death of John W. Collins, her father, said infant was entitled to a distributive share in the undistributed proceeds of the estate; that various payments had been made to the general guardian on account of such distributive share, and that the petitioner believed that other funds had not been accounted for or distributed. The prayer was that the executor be required to account. On January 13, 1890, the said executor filed a petition that all parties in interest be cited to attend upon such accounting, and thereafter, and on March 3, 1890, an account was filed. Objections having been filed on behalf of the said Emma L. Collins, an order was entered referring the matter to J. H. Stewart, Esq. Subsequently, and -on May 7, 1890, an amended account was filed. To this also the said Emma L. Collins, by her guardian, filed objections. After a large mass of testimony had been taken before Mr. Stewart, he resigned, and I was appointed his successor by an order entered July 22, 1890, which order contained a provision that the testimony taken before Mr. Stewart was to be considered as though it had been taken before me, and that I should proceed with the taking of the testimony.

I think some of the rulings of my predecessor are different, from those I would have made under the same circumstances; but, had they been made as I think they should have been, I do not think it would affect the results at which I have arrived. As appears by the decree on the accounting in 1861, the estate consisted of $523.36 in money, and there were, besides, the premises in Wooster street, and the house and lot in. Eighty-fourth street (Yorkville). To the income of all of this the widow was entitled if she remained unmarried, but as, at the time of the accounting iq 1861, she had already remarried, she was only entitled thereafter to the annuity of fifty dollars and the use of the Eighty-fourth street (Yorkville) house during life ; and because of such remarriage, the remainder of the estate, viz., the $523.36 of money and the Wooster street property, became the absolute property of the testator’s three sons, both being subject to the payment of the annuity of fifty dollars. It is evident-that the $523.36 alone was not sufficient to raise the annuity of fifty dollars; consequently that annuity could not be paid with-[26]*26out a resort, for a part at least, to the Wooster street property. These difficulties were surmounted when John W. and George W. sold their shares in the Wooster street property to William, which was May 8, 1867, in the following manner: They made an agreement in writing that a fund of $1,000 should be set apart to raise the annuity, to which fund each should contribute one-third; that this fund should be left in the hands of William, and that the shares of John W. and George W. should be contributed out of their shares of the purchase money due from William on the Wooster street property. It does not appear that Mrs. Saunders -objected to this arrangement.

It is claimed on behalf of Emma L. Collins that this fund, or at least so much of it as was contributed thereto by John W. and George W., together with any interest realized thereon in excess of fifty dollars, the amount of the annuity, shall be accounted for as assets of this estate.

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Bluebook (online)
54 N.Y. St. Rep. 23, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-judicial-settlement-of-the-account-of-collins-nysupct-1893.