In re Wallace's Estate

New York Supreme Court

In re Wallace's Estate

11 N.Y.S. 30, 1890 N.Y. Misc. LEXIS 584

DecidedJune 6, 1890

StatusPublished

This text of 11 N.Y.S. 30 (In re Wallace's Estate) 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 Wallace's Estate, 11 N.Y.S. 30, 1890 N.Y. Misc. LEXIS 584 (N.Y. Super. Ct. 1890).

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Opinion

Per Curiam.

The only question which it is necessary for us to consider •upon this appeal is whether a legacy bears interest after one year from the ■death of the testator or from the time when it becomes payable, which is in cases where no time is fixed for payment one year after the granting of letters testamentary. Since the decision by the.learned surrogate, we think that the question has been settled by the court of appeals adversely to the view taken by him. In the case of Thorn v. Garner, 113 N. Y. 202, 21 N. E. Rep. 149, the court of appeals have decided that, except in some peculiar cases, legacies [31]*31only draw interest from the time they become due and payable. The decree of the surrogate should therefore be reversed so far as appealed from, and the case sent back to the surrogate’s court for further action. -

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Per Curiam.

The only question which it is necessary for us to consider •upon this appeal is whether a legacy bears interest after one year from the ■death of the testator or from the time when it becomes payable, which is in cases where no time is fixed for payment one year after the granting of letters testamentary. Since the decision by the.learned surrogate, we think that the question has been settled by the court of appeals adversely to the view taken by him. In the case of Thorn v. Garner, 113 N. Y. 202, 21 N. E. Rep. 149, the court of appeals have decided that, except in some peculiar cases, legacies [31]*31only draw interest from the time they become due and payable. The decree of the surrogate should therefore be reversed so far as appealed from, and the case sent back to the surrogate’s court for further action. -

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Bluebook (online)

11 N.Y.S. 30, 1890 N.Y. Misc. LEXIS 584, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-wallaces-estate-nysupct-1890.

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