In re the Judicial Settlement of the Account of Fisher

93 A.D. 186, 87 N.Y.S. 567
Appellate Division of the Supreme Court of the State of New York·Decided April 15, 1904·Published·Cited by 21 cases

Opinion

Hatch, J. :

The surrogate disallowed commissions to the executor on the principal and income received upon the securities bequeathed by the testator under the 2d paragraph of his will, which reads as follows, to wit:

“ Second. I give and bequeath the contents that shall be in my box in the Safe Deposit Company of New Fork, now situated at 146 Broadway, New York, corner, of Liberty street, in said city, at the time of my decease, to the following named persons and in the following proportions, viz.: Two-twelfths thereof to Mary Jane Clarke, sister of my late wife, Eliza McKie Fisher; one-twelfth thereof to each of the daughters of said Mary Jane Clarke, viz., Mrs. Nellie Keys and Mrs. Fannie Merrifield; one-twelfth part thereof to each of the daughters of the late Margaret Ann Young, viz., Mrs. Edith Young Shaw, Mrs. Susan Young Cochran, Mrs. Helen Young Maxwell, Mrs. Margaret Young Dutcher, Josephine Young, Grace Young, Mabel Young and Elsie Young.”

The articles contained in the box mentioned consisted of shares of stock in various corporations, bonds and mortgages upon property located in the States of Nebraska and Missouri, railroad bonds in various portions of the United States, corporate bonds, many of which were upon property located in the city of New York, and life insurance policies upon the life of deceased of the face value of $3,000, but which subsequently sold for $4,362.48. This personal property, together with a few articles of household furniture, which was directed to be divided among the same persons, was appraised at $101,058.23, and was sold by the executor for $103,370.08, and the amount received from this sale he divided among the various legatees as directed by the terms of the will. The residuary estate was given to the testator’s son, and he contends that the executor has no right to consider the amount received from the sale of the personal property above described as a part of the general estate; that those were specific legacies and that the executor is not entitled to a commission thereon. The executor, on the other hand, contended that he could make no equitable division of this property without converting the same into cash, and that, therefore, he should be entitled to commissions upon the same. The Surrogate’s Court held that the property bequeathed in the 2d [188] clause of . the will was all specific bequests and that the executor was entitled to no commissions thereon. From the decree so entered this appeal is taken.

It may be conceded that if this provision of the will be construed as making specific bequests, the executor is not entitled to commissions for making delivery of the specific thing bequeathed. (Schenck v. Dart, 22 N. Y. 420.) Nor would this rule be changed -even though the legatees by agreement among themselves directed the executor to sell the same and divide the proceeds. It might be that under such circumstances the executor could exact and enforce compensation" for his servieés against the legatees, but his act in making sale of property specifically bequeathed and distributing the proceeds would not create any right to commissions or make the estate liable for his services. (Collier v. Munn, 41 N. Y. 143.) The executor’s right to commissions upon this portion of the estate must, therefore, depend upon the nature of the bequest. In Crawford v. McCarthy (159 N. Y. 514) the Court of Appeals, through Judge Haight, defined the several classes of legacies in this language: “A general legacy is a gift of personal property by a last will and testament, not amounting to a bequest of a particular thing or money, or of a particular fund designated from all others of the same kind.

A specific legacy is a bequest of a specified part of a testator’s personal estate distinguished from all others of the same kind. A demonstrative legacy is a bequest of a certain sum of money, stock or the like, payable out of a particular fund or security. For example, the bequest to an individual of the sum of $1,500 is a general legacy.

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In re the Judicial Settlement of the Account of Fisher, 93 A.D. 186, 87 N.Y.S. 567 (N.Y. Ct. App. 1904).

93 A.D. 186 (In re the Judicial Settlement of the Account of Fisher) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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