In re Trevor

120 Misc. 22
CourtNew York Surrogate's Court
DecidedDecember 15, 1922
StatusPublished
Cited by10 cases

This text of 120 Misc. 22 (In re Trevor) 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 Trevor, 120 Misc. 22 (N.Y. Super. Ct. 1922).

Opinion

Slater, S.

The reason for this opinion is found in the title to the proceeding. John B. Trevor’s will was admitted to probate January 9, 1891. Proceedings affecting it have been before this court in two other instances. Matter of Stewart, 88 App. Div. 23 ; Matter of Trevor, 119 Misc. Rep. 277. He was survived by his widow, Emily N. Trevor, and his four children, Henry G. Trevor, aged twenty-five years, a son by a former wife, and Mary T. Trevor, aged eighteen years, later Mary T. Winthrop, Emily H. Trevor, aged sixteen years, and John B. Trevor, Jr., aged ten years, children by his second wife. Mary T. Winthrop died December 1, 1900, leaving two children, Emily and Kate Winthrop. Testator’s widow died July 22, 1922.

By the 2d paragraph of his will the testator created a trust in his homestead property at Yonkers for the fife of his wife for the purpose of a family residence for his wife and children, to be continued after her death in the discretion of the trustees, and provided that the power of alienation should not be suspended longer than the life of his widow and the youngest of his children who should be living at his death. At the termination of the trust the property is to, be sold and the proceeds of sale added to the residuary estate which is elsewhere given to bis four children.

By the 4th paragraph of the will the testator gives the rest, residue and remainder of his estate, real and personal, unto his executors as trustees to “ set apart and invest out of my personal estate one equal third part thereof, and to hold the same for the [25]*25benefit of my wife, if she shall be living at my death, and to pay over to her the interest and income arising therefrom as it shall accrue and be received by them during her natural life. On the death of my wife, the said principal sum (with any addition from time to time of proceeds of real estate to the extent of one-third part thereof as hereinafter directed) shall be disposed of by my executors for the benefit of her children, Mary T. Trevor, Emily H. Trevor and John B. Trevor, Jr., by adding the same in equal parts to the several shares representing her said children respectively, in my residuary estate as hereinafter provided. In the event of the death of my wife before me, I direct that the said one equal third part of my personal estate shall be added in equal parts to the several shares of the three children of our marriage above named, in my residuary estate to be held and disposed of as hereinafter provided as to their said several shares.”

The gift of the residuary estate is found in the 7th paragraph of said will. It follows: “ In regard to the disposition and distribution of the remainder of my residuary estate after making the provision for the benefit of my wife, out of my personal estate, and the other provisions hereinbefore directed to be made out of the remaining two-thirds of my personal estate, I make the following directions. 1 direct my executors to keep separate accounts in reference to all the real estate which may be held by me at my death, or in which I may be interested as a member of the firm of Trevor & Colgate and of James B. Colgate & Company or in any other manner, treating all such interests as real estate and charging all the taxes, assessments and expenses connected therewith against the several parcels thereof. As fast as any of my said real estate or interests therein or any parcel thereof shall be sold, either by my executors under the power of sale in this will contained, or by the surviving partners of any firm in which I have been interested, the net proceeds of such sales shall be personal property in the hands of my executors and one-third part thereof shall thereupon be added to and included in the one-third part of my personal estate hereinbefore directed to be set apart and invested for the benefit of my wife during her life and shall on her death be disposed of by my executors for the benefit of her children by adding the same in equal parts to the shares of my personal estate representing them respectively; and the remaining two-thirds thereof shall be added, in equal parts, to the shares of my residuary estate hereinafter directed to be constituted and set apart to represent my four children. Until sold, the income of all said real estate shall, to the extent of one-third part of such net income, be paid to my said wife during her fife, and after her death the [26]*26same shall be applied for or paid to her children by my executors or trustees in the manner hereinafter provided in respect to the income of their several shares in my residuary estate, and the remaining two-thirds of such income shall be applied and paid in the manner hereinafter provided in respect to the income of the shares of my four children in my residuary estate. I direct my executors or trustees immediately after my death and after making the provisions hereinbefore directed to be made, to divide the remainder of my entire estate in four equal parts or shares to represent respectively my four children now living, to wit, Henry G. Trevor, Mary T. Trevor, Emily H. Trevor and John B. Trevor, Jr., one equal share to represent each child, and to hold and invest each share and apply the income therefrom as it shall be received by my executors, or so much thereof as shall be necessary to the support, maintenance and education of the child whom it represents, during the minority of any child and until such child shall attain the age of twenty-one years, when all accumulations of interest shall cease, and the accumulated interest shall be paid to such child. After such child shall have attained the age of twenty-one years the whole income of the share representing such child shall be applied to the use of such child by my executors or trustees and upon such child attaining the age of twenty-three years I direct them to pay over to such child one equal fifth part of the principal sum representing such child and thereafter the whole income of the remaining four-fifths of such principal sum shall be applied to the use of such child until he or she shall attain the age of twenty-six years, when one other equal fifth part of such principal sum shall be paid over to' such child, and the income of the residue of the said sum shall be applied to the use of such child until he or she shall attain the age of thirty-two years when one other equal fifth part of the whole residue of the principal sum of the share representing such child shall be paid over to such child and the income of the residue shall be applied to the use of such child until he or she shall attain the age of forty years when the remaining two-fifths of said principal sum representing such child shall be paid over to such child, unless in the discretion and judgment of my said executors or trustees it 'shall for any reason seem best to them to withhold and defer the payment of one-half (being one-fifth of the said principal sum) for a further period of time during the life of such child and in such case such remaining one-fifth shall not be so paid over but shall be held by my said executors and the income only paid to the said child during his or her life and on the death of such child the said remaining one-fifth of such principal sum, if not paid over to such child during his or her life, shall fall into and become a part of my residuary estate. [27]*27In the event of the death of any child of-mine before me, or after me, before receiving his or her share of my estate in full leaving lawful issue

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Bluebook (online)
120 Misc. 22, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-trevor-nysurct-1922.