New Jersey Title Guarantee & Trust Co. v. Parker

96 A. 574, 85 N.J. Eq. 557
CourtSupreme Court of New Jersey
DecidedNovember 15, 1915
StatusPublished
Cited by6 cases

This text of 96 A. 574 (New Jersey Title Guarantee & Trust Co. v. Parker) is published on Counsel Stack Legal Research, covering Supreme Court of New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
New Jersey Title Guarantee & Trust Co. v. Parker, 96 A. 574, 85 N.J. Eq. 557 (N.J. 1915).

Opinion

The opinion of the court was delivered by

Kalisch, J.

The New Jersey Title Guarantee and Trust Company, as complainant, filed a bill of interpleader in the court of chancery for the purpose of having determined whether Richard Fay Parker, the executor of Henry M. Parker, deceased, or Katherine F. Junkin, was entitled to receive from the complainant certain securities which had been deposited by the decedent during his lifetime with the complainant. The bill set out that under the will of Henry M. Parker, Catherine Fay Parker, Elizabeth Parker and Rose Parker, infant children of Henry M. Parker, the executor, were legatees. The defendants were ordered to inter-plead. The infant defendants, by their guardian ad litem, the executor, and Katherine F. Junkin, answered the bill:

After a final hearing of the cause, Vice-Chancellor Howell advised a decree in favor of the executor and the infant children and against Mrs. Junkin. From this decree Mrs. Junkin has-taken an appeal to this court.

On the 17th day of June, 1903, Katherine Bailey (now Jun-kin) married Henry Parker, since deceased, in New York, where both were domiciled. A few dajrs before their marriage, at- the place of their domicile, they entered into a verbal agreement, by the terms of which the prospective husband agreed that one-third of the income of the securities deposited with the trust company should go to his wife after their marriage, and that at his death the entire lot of securities should go to her.

This verbal agreement was, subsequently, in 1909, as hereafter stated, reduced to writing by Mr. Parker, and was subscribed by Jiim, and under the decisions of the State of New York, it appears that the legal effect of the writing was to take such verbal agreement out of the operation of the statute of frauds and to [559]*559vitalize it. Ward v. Hasbrouck et al., 44 App. Div. 32; 60 N. Y. Supp. 391, 393; Helios Upton Co. v. Thomas, 96 N. Y. App. Div. 401; affirmed, 184 N. Y. 585; Young v. Ingalsbe, 208 N. Y. 503.

On the 4th day of June, 1903, the intended husband made a deed irrevocable in its terms of. the securities to the complainant trust company, which deed was acknowledged June 11th, 1903, and which provided by the third clause thereof, that upon his death the securities deposited in trust with the trust company shall be paid over and distributed b3r the trust company as he shall by his last will and testament provide, and, in the event that he shall die intestate;, to1 distribute the trust fund created by him among such persons as would be entitled to receive the same under the intestate laws of the State of New York, and he had died intestate and a citizen and a resident of that state.

At the time when he left the trust deed with the trust company he verbally directed the company, and which direction, in 1905, was confirmed by him, in uniting, to pay one-third of the income of the securities to his prospective wife, which the company did until his death, which took place on the 14th day of March, 1914.

Before marriage the intended husband showed to his prospective wife his will, leaving his entire estate to her, and Mrs. Jim-kin admits that at that time she had knowledge of the trust deed and its contents.

In 1909, the testator, his wife and her mother were living in Florence, Italy. His wife left Mm and came to the United States. Shortly after her arrival in this country she had the instrument prepared, embod3’ing the terms of the verbal ante-nuptial agreement, and sent it to her mother to get it executed by Mm. He did execute, it, and his wife, after having received it back from her mother, continued to absent herself from him, and, in 1912, obtained a divorce in the State of Missouri. In March, 1913, she married her present husband, Mr. Junkin. After the divorce was obtained the testator made a will on the 12th of Februa-jy, 1913, by which he left all his estate to his brother Richard as executor for the benefit of his, Richard’s, children.

[560]*560Mrs. Junlrin claimed the securities by virtue of the verbal ante-nuptial agreement confirmed by the testator’s writing of 1909, and the will made in her favor by the testator before her marriage to him. The executor relied on the last will of the testator, but failed to set up explicitly the New York statute of frauds.

Vice-Chancellor Howell held that the testator by the trust deed made by him in 1903 parted with all control of the property, and thought that tin's was decisive of the rights of the parties claimants, since under the trust deed the testator was free to make as many wills as he chose, and the last would control. While we agree with the views of the learned vice-chancellor in his construction of the trust deed and its legal effect, it is not decisive of the question involved.

The real question is, Was there a valid contract to make a will in Mrs. Junkin’s favor?

For, if there was such a valid contract by reason of the effect given to the instrument executed by the testator in 1909, then equity will enforce it, unless it appears that Mrs. Junlrin has by some act of her own committed a substantial breach of it which in law would disentitle her to enforce it.

For the purposes of this case we may proceed upon the assumption that the antenuptial agreement is valid, by reason of the subsequent writing reciting the terms of it under the laws of the State of New York, the place where it was made, nevertheless, we cannot close our eyes to the important fact that the fundamental consideration of the contract, in so far as Mrs. Junlrin is concerned, is that she will be a wife to her intended husband so long as he does nothing which will entitle her to separate from him under the law of the state in which they were residents at the time the contract was made, and where the marriage took place, provided they continued to be residents of such state. If she cuts asunder the marriage bond for a reason not recognized, by the laws of New York, then, according to equitable principles founded in good morals and common sense, she ought not to be permitted to claim any benefit from his estate which was expressly intended to come to her as widow after his death.

[561]*561The appellant seeks to have the antenuptial contract treated as if it were transformed into a unilateral undertaking by the husband immediately after the marriage ceremony was performed.

The argument made by the appellant is that, so far as Mrs. Junkin was concerned, she performed her part of the contract when she married the testator, and, upon the happening of that event, she became entitled to the benefit of the contractual provisions in her favor. Carrying out this proposition to its logical sequence, it amounts to this: That as soon as the marriage ceremony was performed, Mrs. Junkin became in law the wife of Mr. Parker, the testator, and therefore had the option to turn away from him the next moment thereafter and refuse to live with him, for, according to her theory, the insistence is that by marrying Mr. Parker she had fully performed her undertaking—her marriage to him being the basis and consideration for her intended husband’s undertaking, and, therefore, he was irrevocably bound to carry out the provisions of the antenuptial contract.

But a plain reading of tire contract forbids any such construction of it. The husband did not settle absolutely his property on his wife. The settlement he made was a conditional one.

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Cite This Page — Counsel Stack

Bluebook (online)
96 A. 574, 85 N.J. Eq. 557, Counsel Stack Legal Research, https://law.counselstack.com/opinion/new-jersey-title-guarantee-trust-co-v-parker-nj-1915.