Koerner v. Pfaff

2 Ohio N.P. (n.s.) 597, 15 Ohio Dec. 81, 1904 Ohio Misc. LEXIS 76

This text of 2 Ohio N.P. (n.s.) 597 (Koerner v. Pfaff) is published on Counsel Stack Legal Research, covering Court of Common Pleas of Ohio, Franklin County, Civil Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Koerner v. Pfaff, 2 Ohio N.P. (n.s.) 597, 15 Ohio Dec. 81, 1904 Ohio Misc. LEXIS 76 (Ohio Super. Ct. 1904).

Opinion

[598]*598The question is, whether the plaintiff, as assignee for the benefit of the creditors of Philip IT. Bruch, is entitled to the one-fourth part of the real and personal property in question, which it is agreed is of the total value of $103,550, or, whether the three devisees named in the will of John P. Bruch, deceased, other than said Philip IT. Bruch, are entitled to the whole thereof.

The plaintiff, as such assignee for the benefit of the creditors of said Philip H. Bruch, insolvent, has filed his petition herein for partition of the real estate devised by said John P. Bruch, deceased, together with that purchased by his trustee from proceeds of said estate. It is agreed that the total value of said real estate is $103,050. Said assignee, as such, claims title to one-fourth thereof by reason of a deed of assignment to him by said Philip Ii. Bruch, and claims that by virtue of the will of said John P. Bruch, deceased, the said Philip, together with the defendants, his sisters, Mrs. Pfaff and Mrs. Kipp, and his nephew, George Bruch, each tooh a vested remainder in the equal one-fourth part of said estate, subject only to the life estate of the widow of said John P. Bruch. The widow being deceased, and said estate not having been distributed, said assignee now seehs to have the real estate parted, that the one-fourth interest of said Philip H. Bruch therein may be applied by him for the benefit of said Philip H. Bruch’s creditors.

The defendants, Mary Pfaff, Louise Kipp and George Bruch, the two former being daughters of said John P. Bruch, deceased, and the latter a grandson of said decedent, and being three of the residuary legatees named in said will, deny that said Philip H. Bruch at the date of the death of said widow of said decedent, the time fixed in said will for the division of said estate among said devisees, was entitled to any part or portion whatever of the estate of said John P. Bruch,^ deceased, and that they, said three devisees, defendants, are entitled to the whole of said estate remaining at the death of Mrs. Bruch, for the reason, as claimed, that said Philip H. Bruch was named as trustee in said will; that he accepted said trust and as such trustee had full control and management of all the property and effects of said estate since 1883, the date of [599]*599testator’s death; and that by a decree of this court, in proceedings on appeal from the probate court on exceptions to the fourth account of said trustee, it was found and decreed that there was due said estate from said Bruck, as trustee, for moneys received by him from said estate, and unaccounted for, the sum of $36,452.49. Said defendants claim that by reason of the fact that said Philip H. Bruck, while acting as such trustee, .and before the time for a division of said estate among such ■devisees, by reason of having appropriated money of said estate -.to his own use, and by a maladministration of said estate, and for moneys unaccounted for by him, had taken and appropriated to himself more than his full one-fourth interest in said estate, .and that before he, or his assignee in insolvency, can claim any interest or share in any part of said estate now remaining, the said Philip must account to said estate by paying back into the fund thereof the amount of money found by the court that he owes the estate, together with interest, which amounts fo about $38,000.

The said defendants claim that inasmuch as the amount so taken and. appropriated by said trustee is more than one-fourth of what is agreed to be the total value of said estate, and said Bruck being now insolvent, and having executed no bond as trustee, none having been required of him under said will, that the remaining property of said estate belongs to said three defendants under said will, and they ask that the title thereto be quieted in said three defendants.

John P. Bruck’s will was probated May 14, 1883. Item two of said will provides:

“I give and devise all my property, real and personal, wherever situated to my son Philip H. Bruck, and his heirs, for ■and during the life of my wife, Margaret B. Bruck, in trust nevertheless, for the uses and purposes following, to-wit: To possess, manage and control the same, to lease and collect the rents of my real estate, to keep the same in repair and pay all taxes, insurance and other expenses incident to said realty, with power in my said trustee to sell at public or private sale •at such prices and on such terms as he shall think fit, all or any portion of my said real estate (excepting my homestead which lie may sell with the assent of my said wife) and deeds to pur[600]*600chaser to execute' and deliver in fee simple and invest the proceeds as hereinafter provided. And I hereby exonerate all such purchasers of real estate from responsibility for the application of the purchase money.
“I further direct that my said trustee may sell any part or all of my personal estate and shall invest, keep invested, collect and reinvest my personal estate, including the proceeds of real or personal estate sold by him in such property real or personal, and in such stocks, bonds and other securities, or in such buildings and improvements of real estate as he shall deem best for the interest of my estate, and to resell any of said property so purchased, and to exchange said investments according to his judgment and discretion. After discharging all the expenditures incident to the said trust as aforesaid, and retaining his compensation for discharging his duties, my said trustee shall pay over the net annual income of all my said estate to my said wife, Margaret B. Bruek, as long as she shall live. Any portion of the income of my said estate which my said wife shall not desire to receive and expend, shall be treated as part of the principal of my said estate.
“I further will and direct that my said trustee shall pay over to my said wife any such further sum or sums out of the principal of my said estate as she may from time to time find necessary for her comfortable and.ample support and enjoyment, and as she may demand for such' purpose. ’ ’

Item five of said will provides:

“I give, devise and bequeath all the rest, residue and remainder of my said estate, real and personal, after the death of my said wife to the following persons, their heirs and assigns, in equal portions, share and share alike to each a fourth, to-wit: My daughter, Mary A. Pfaff, wife of C. T. Pfaff; my son, Philip H. Bruek; my daughter, Louise Kipp, wife of Albrecht Kipp, and my grandson, George Bruek.”

Said Philip H. Bruek was nominated in said will as executor thereof, without bond, and by a codicil to said will said testator requested that no bond be required of said Philip H. Bruek as said trustee.

Said Philip H. Bruek qualified as executor and trustee under said will in theo year 1883, and no bond was required of him in either capacity by the probate court, and none was ever given.

Mrs. Margaret B. Bruek, widow of said testator, died in March, [601]*6011899. On December 15, 1899, said Philip H. Brack, being insolvent, executed and delivered a deed of assignment of all his property to the plaintiff for the benefit of his creditors.

Said Philip PI. Brack filed his first and final account as executor in November, 1883, and as trustee he filed his first account in May, 1886, his second account in March, 1888, his third account in July, 1892, all of which accounts were approved and confirmed by the probdte court.

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Bluebook (online)
2 Ohio N.P. (n.s.) 597, 15 Ohio Dec. 81, 1904 Ohio Misc. LEXIS 76, Counsel Stack Legal Research, https://law.counselstack.com/opinion/koerner-v-pfaff-ohctcomplfrankl-1904.