Price v. Patterson

79 N.J. Eq. 448, 1911 N.J. Ch. LEXIS 28
CourtNew Jersey Court of Chancery
DecidedAugust 8, 1911
StatusPublished

This text of 79 N.J. Eq. 448 (Price v. Patterson) is published on Counsel Stack Legal Research, covering New Jersey Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Price v. Patterson, 79 N.J. Eq. 448, 1911 N.J. Ch. LEXIS 28 (N.J. Ct. App. 1911).

Opinion

Garrison, Y. C.

(orally).

Benjamin Price, the testator, died on the 10th of September, 1892, having made a will, which was dated on the 11th of Sep[449]*449tembcr, 1891. At the time of making his will he had four children, as follows:

First. A son Benjamin P. Price, who had then a living daughter Nina P., married to a man named Patterson.

Second. A son David S. Price (who had a son Benjamin M., who, in turn, had a son David Shotwell Price); a daughter, Emma B. Price, at that time intermarried with a man named Munn (and they had no children); a daughter named Florence P., intermarried with a man named Jaeger (who at that time had a child, Gustave Jaeger).

Third. A son Edward P. Price, who was unmarried and insane, and incarcerated at that time in an insane asylum.

Fourth. A daughter, Sarah S., intermarried with a man named Brett (and they had no children).

His will, which is a very long one, provides, so far as the matter with which we are now concerned, for the disposition of his residuary estate as follows: That there shall be three trustees, who are to have and hold, as joint tenants, all of the said residuary estate. They are to pay the income thereof to his four children— Benjamin P., David S., Edward P. and Sarah S.—excepting as to Edward P., the insane son, they were only to pay so much as might be necessary for his proper maintenance, &c. With respect to the income allotted to Benjamin P. and David S., it is provided that if they have children, the children are to enjoy the income for twenty years after the date of the death of their father, and such of the children as are then surviving are to get the principal of the share. This is not so with respect to Edward P., nor is it so with respect to Sarah S. As to her share (that is, Sarah S. Price’s), it is provided that she is to have the income during her life; that if she shall die before her husband he is to have the income during his life; that she may appoint who shall have the principal by a will, to operate either at her death, if her husband has predeceased her, or after his death, if he survives her; and, in default of a will, that then the principal shall ultimately go to her children, if she have any. And then with respect to her, and with respect to each of the three other shares, it is provided, [450]*450by similar language, what shall happen if she and Benjamin P. and David S. shall, at the period provided for in the will, have no issue. As to Edward P., the same provision is contained, although there is no provision which would take care of any issue if he were to have any.

It is with the construction of this clause, which appears with respect to each one of the children upon certain contingencies, that we are now concerned.

Edward P. died on the 10th of June, 1910. The paragraph in question which, in the will, has specific reference to his share (and, as before stated, is in identical language as that with respect to each of the other three shares), reads as follows:

“And upon the death of my said son Edward, the one-fourth part of my then residuary estate is to be divided between aud paid to, the persons, including my trustees, who, under the terms of this will shall then be entitled to receive, have or hold the principal of the other shares of my residuary estate, in the same proportions as they may then be respectively entitled to in such other shares and upon the same trusts and conditions respectively as to such shares as may then still be held in trust under the terms of this will.”

Both Benjamin P. and David S. had predeceased Edward, Benjamin P. dying on the 27th of March, 1902, leaving his daughter, Nina P. Patterson, surviving him; and David S. having died on the 16th of December, 1903, leaving his son Benjamin M. and his (Benjamin M.’s) son David Shotwell Price; his daughter Emma P. Munn, and his daughter Florence P. Jaeger (and her son, Gustave Jaeger), surviving him.

Mrs. Brett is still alive.

Therefore, at the time of Edward P.’s death the situation of the estate, so far as this matter is concerned, was this: The trustees were holding in their hands the entire residuary estate, and were paying the income of one-fourth thereof to Mrs. Patterson. They were paying the income of one-fourth thereof, in three parts respectively, to Benjamin M. Price,. Emma P. Munn and Florence P. Jaeger, the three children of David S. Price, deceased; - and they were paying the whole of the income of one-fourtli to Mrs. Brett.

[451]*451My opinion, from reading the entire will, or so much thereof as bears upon this question, and of the situation existing at the time of the testator’s death as disclosed by the will and the facts which I have above recited is, that by this language above quoted, and which occurs, as I have said in certain contingencies in the disposition of each one of the four parts into which the residuary estate was originally divided, upon the death on the contingency named, the share of Edward P. (in this instance), or of others in each specific, instance, was to be divided between and paid to whoever was then in a position to receive the principal under the terms of the will, and if no one was then in a position to receive the principal to have it as their own, then it was to go to the trustees to be held for the persons who were then receiving the income of the respective four shares as then constituted, and to be held by the trustees upon the same trusts and conditions as the rest of the estate was then held for those then entitled to receive the same.

It was, of course, a contingency which this testator must have had in mind, that at the time of the death of Edward P., for instance, it might well be that Mrs. Brett would have died and left a child. Under the terms of this will, this child would therefore, upon the death of Edward P., be entitled to principal, because she was entitled to the principal of the share set aside for her mother. The children of David S. and of Benjamin P. would not be entitled to principal unless their fathers had been dead twenty years, and, therefore, there would have been two classes between whom this money could be divided; one class, those whose money was still held in trust for them and must be so held for a period of years; the other, those who were entitled to immediate distribution of principal.

There are numerous other contingencies of a like character, all of which would be met and satisfied by this construction.

There is no dissent from this construction which the court has placed upon this language, excepting on behalf of Mrs. Patterson, Mrs. Munn, Mrs. Jaeger and the assignee in insolvency of Benjamin M. Price, who is the son of David S. Price. It is his contention (that is, this assignee’s contention) that the meaning of the [452]*452clause quoted is, and that it must be construed to be,' that upon the death of Edward there should be immediately distributed as principal the one-fourth part of the residuary estate, the income of which had been payable to or on account of Edward’s maintenance and support, to the grandchildren of Benjamin M. Price, then living.

His idea is, and his argument is, that while it is true that, under the clauses of the will respecting Benjamin P. and David. S.

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Bluebook (online)
79 N.J. Eq. 448, 1911 N.J. Ch. LEXIS 28, Counsel Stack Legal Research, https://law.counselstack.com/opinion/price-v-patterson-njch-1911.