Patterson v. Vivian

63 Misc. 389, 117 N.Y.S. 504
CourtNew York Supreme Court
DecidedMay 15, 1909
StatusPublished

This text of 63 Misc. 389 (Patterson v. Vivian) 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
Patterson v. Vivian, 63 Misc. 389, 117 N.Y.S. 504 (N.Y. Super. Ct. 1909).

Opinion

Giegerich, J.

This is an accounting by the trustees under the will of Marshall 0. Roberts, deceased. The questions raised by the objection of the various beneficiaries to the accounts were referred to a referee to hear and determine the same and to state the accounts, subject to confirmation by the court. All the beneficiaries have filed exceptions to the referee’s report. The plaintiff, who has no interest in the controversies between the beneficiaries, moves to confirm the report, no question being raised as to the correctness of the account with regard to the amount of the receipts, and the only questions as to the amount or propriety of the disbursements having been decided in his favor. Marshall O. Roberts died, a resident of the county of ¡New York, in the [391]*391year 1880, leaving a considerable estate in both real and personal property. The plaintiff and the defendant Vivian are the surviving trustees under his will. The plaintiff filed his account with the referee, but the defendant Vivian refused to sign it. She has, however, adopted the account so filed except in those particulars as to which she has filed objections. The general scheme of the testator’s will, aside from pecuniary legacies, was.(1) to give his widow the use of the family residence and its contents for her life, taxes, repairs and insurance thereon to be paid out of the general estate, and to provide for her in addition a net annual income of $40,000' during her life; and (2) to give the residue of the estate to the trustees to hold during the lives of the widow .and a daughter, the defendant Mary M. Roberts, and out of the net income to pay certain annuities to beneficiaries named during their lives or until the termination of the trust, with the further provision that such annuities were to be increased or diminished ratably according as the net income exceeded or fell short of the amount necessary to pay them. Upon the termination of the trust the residuary estate was disposed of absolutely. In 1892 the defendant Vivian, who is the widow of the testator, remarried, and has since resided in England. The family residence and its contents thus ceased to be used by her, and several friendly actions were thereupon brought to procure a construction of the will and judgments directing the sale of the house and its contents. The actions went to judgment and the sales were made, the real property realizing $500,000 and the personal property $57,704.77. The $500,000 was paid to the trustees and was by them invested in a mortgage on real property, and the interest on the mortgage has since been paid over to the defendant Vivian without deduction of any kind. Of the $57,704.77 realized from the sale of the personal property and also received by the trustees $55,000 was invested in a mortgage upon certain premises on West End avenue and the balance was deposited by them in a trust company. All interest received on this mortgage was paid over to the defendant Vivian in full, and so also was the interest on the deposit in the trust company up to December 1, 1900, [392]*392since which time interest amounting to $460.64 has accumulated and remains on deposit. The mortgagor defaulted in payment of interest on the last named mortgage and the mortgage was foreclosed and the property bid in by the trustees in April, 1900, for $50,000. There was then due upon the mortgage the principal sum of $55,000 and interest amounting to $3,940.65. Taxes, costs and expenses amounting to $2,358.52 were paid opt of the proceeds of the sale. The deficiency judgment proved worthless, and the property is still held by the trustees and has increased in value so as to be worth at least $62,500. The cost of carrying the premises has exceeded the rents received and the excess has been paid out of the principal of the residuary estate. Several questions are raised concerning these funds produced by the sale of the testator’s residence and its contents and now represented by the $500,000 mortgage and the West End avenue property respectively. Eor convenience the former fund has been designated the homestead fund ” and the latter the personal property fund.” The learned referee has found that the income of the homestead fund ” is chargeable with its proportion of the entire personal property tax assessed against the trustees of the estate and paid by them since the creation of this fund. The defendant Vivian claims that, as under the will she was entitled to the use of the residence for" life free of any expense for taxes, insurance and repairs, which were to be paid by the executors out of the residuary estate, the mortgage into which that property has been con- • verted ought to be held for her benefit on the same terms, assuming it to be held by the trustees as part of the estate of Marshall O. Eoberts, which, however, she disputes. On the other hand, if not so held, she claims it cannot be assumed to have been included in the assessments made against the trustees of the estate. It will now be necessary to advert to various provisions of the will and of the judgments directing the sale of the homestead. The second paragraph of the will is as follows: “ Second, I give and devise to my beloved wife, Susan Lawrence Eoberts, the use and enjoyment, for and during her life, of my two houses now known as numbers 105 and 107 Eifth avenue, in the City of New York, [393]*393and now occupied by me as a family residence, with the stable and lots of ground used and occupied therewith on East Eighteenth street, in the rear of said houses. I also give and bequeath to my beloved wife, Susan Lawrence Rob-(l’ts, for and during her life, all the household furniture, useful and ornamental, of every kind and description, books, pictures, gold plate and silver plate and jewelry that shall be in my houses aforesaid at the time of my decease; and also all my horses, carriages, harness, saddles, bridles, blankets and articles provided for use in the stable in the care of the horses, or with the horses and carriages.” The fifth paragraph is as follows: " Fifth, I order and direct that my survivor of them, do, out of my said estate and out of the executors and executrix hereinafter named, the survivors and rents and profits thereof, keep the said premises numbers 105 and 107 Fifth avenue and the stable premises in the rear thereof on East Eighteenth street, so given to my said wife for arid during her life as aforesaid, in suitable and proper repair, and also keep the said houses and stables and pictures and other personal property therein insured in a proper and reasonable amount during the life-of my said wife, so that my said wife shall not be at any expense on account thereof. And I direct my said executrix and executors to pay all taxes and assessments which may be assessed upon or be chargeable upon the said real estate and upon the pictures and other personal property in the said houses and stables during the same time.” The seventh paragraph, as amended by the codicil, reads: " Seventh, All the rest, residue and remainder of my estate, real and personal, of whatsoever name or nature and wheresoever situated, I give, devise and bequeath to my executrix and executors hereinafter named, the survivors and survivor of them, upon the uses and trusts and for the purposes following: To have and to hold the same for and during the life of my aforesaid wife and my daughter Mary M. Roberts, and of the survivor of them, and during the said lives or the life of the survivor to apply out of the net income thereof the sum of twelve thousand dollars per annum to the use and benefit of my said daughter Mary M. Roberts for and during her natu[394]

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Bluebook (online)
63 Misc. 389, 117 N.Y.S. 504, Counsel Stack Legal Research, https://law.counselstack.com/opinion/patterson-v-vivian-nysupct-1909.