Reed & Van Wart v. Underhill

12 Barb. 113, 1851 N.Y. App. Div. LEXIS 117
New York Supreme Court·Decided October 6, 1851·Published·Cited by 22 cases

Opinion

By the Court,

Brown, J.

This was an appeal from a decree of the surrogate of the county of Westchester, made upon the final settlement, and for the distribution of the estate of Isaiah Underhill, deceased. Its decision turns, exclusively, upon the legal effect of the deed from the respondent, Alfred Underhill and Emeline his wife, to Nathaniel Fisher, deceased, the appellant’s testator. Isaiah Underhill died seised of certain lands, situate in Yorktown, in the county of Westchester, the one-fifth part of the proceeds of the sales of which is the subject in controversy. He left a last will and testament duly executed and published, and therein devised the uses and profits of the land to his wife Patience, from the time of his decease until his youngest child should arrive at the age of twenty-one years; for the purpose of enabling her to educate and bring up his children. And if she failed to bring up and educate the children in a suitable manner, then his executors were empowered to let out the lands and apply the avails thereof to the education and maintenance of the children. And within six months after such youngest child should arrive at the age of twenty-one years, the executors were also empowered to sell the lands at public auction, and after making provision for the widow’s dower therein, the proceeds were t‘o be equally divided amongst his children, share and share alike. The will was duly proved, and letters testamentary thereon were issued to the executor, Oliver Cornell, who is one of the respondents. The [117] lands have been sold in execution of the trust. Alfred Under-hill, the respondent, is one of the children, and the appellants are made parties to the proceedings before the surrogate, and claim his share under the deed before referred to

The authority given to the executors to sell is valid only as a power in trust; for it is not pretended that the event ever occurred which entitled them to the rents and profits, and thereby to the possession. The lands are not devised to the executors, to sell, but there is a mere naked power for that purpose. No estate, therefore, vested in the executors, but the estate descended to the heirs at law, subject to the execution of the power. The existence of an authority to convert real estate into money, impressed it with the character of personal property; and courts of equity will, for many purposes, regard it as such, unless the parties in interest elect to take it as land and not as money. The law is settled that, if money is directed by a will, or other instrument, to be laid out in land, or land is directed to be turned into money, the party entitled to the beneficial interest may, in either case, if he elects so to do, prevent any conversion of the property from its present state, and hold it as it is.” (2 Story's Eq. Jur. 111, 112, § 793. 1 Roper on Leg. 372. Rashleigh v. Master, 1 Ves. 201, note a. Wheldale v. Partridge, 8 Ves. 226. Kirkman v. Miles, 13 Id. 338.) Had all the children of Isaiah Underhill, deceased, elected to take the estate in lands, notwithstanding the power of sale in the will, their right to do so, even against the will of the executor, would have been clear and indisputable. And, that which all the cestuis que trust might do in respect to the whole of the trust property, one of them could do in respect to his undivided interest; so far, at least, as to transmit his share, by the usual and ordinary deed of conveyance to another. Alfred Underhill’s deed to Nathaniel Fisher, (which is a deed of bargain and sale for the consideration of two hundred dollars, and in which his wife joined,) must be deemed an election, so far as he could elect, to take the estate unchanged; and must have the effect to transmit such interest and estate as he had in the premises, to the grantee.

Free access — add to your briefcase to read the full text and ask questions with AI

Reed & Van Wart v. Underhill, 12 Barb. 113, 1851 N.Y. App. Div. LEXIS 117 (N.Y. Super. Ct. 1851).

12 Barb. 113 (Reed & Van Wart v. Underhill) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Weinstein v. Hunter
276 A.D.2d 471 (Appellate Division of the Supreme Court of New York, 1950)
Bettinger v. Montgomery
124 Misc. 906 (New York Supreme Court, 1925)
In re the Judicial Settlement of the Account of Proceedings of Fagan
166 A.D. 244 (Appellate Division of the Supreme Court of New York, 1915)
Givens v. Ott
121 S.W. 23 (Supreme Court of Missouri, 1909)
Williams v. Lobban
104 S.W. 58 (Supreme Court of Missouri, 1907)
Bank of Ukiah v. Rice
76 P. 1020 (California Supreme Court, 1904)
Barkman v. Hain
5 Ohio N.P. 508 (Clark County Probate Court, 1894)
Emmens v. St. John
29 N.Y.S. 655 (New York Supreme Court, 1894)
Sayles v. . Best
35 N.E. 636 (New York Court of Appeals, 1893)
Forster v. Winfield
23 N.Y.S. 169 (Superior Court of New York, 1893)
Forster v. Winfield
52 N.Y. St. Rep. 325 (The Superior Court of New York City, 1893)
Drake v. . Paige
28 N.E. 407 (New York Court of Appeals, 1891)
Drake v. Paige
5 N.Y.S. 466 (New York Supreme Court, 1889)
Robinson v. Robinson
2 N.Y. St. Rep. 666 (New York Supreme Court, 1886)
Savage v. Sherman
31 N.Y. Sup. Ct. 307 (New York Supreme Court, 1881)
Hetzel v. . Barber
69 N.Y. 1 (New York Court of Appeals, 1877)
Smyth v. Anderson
31 Ohio St. (N.S.) 144 (Ohio Supreme Court, 1876)
People ex rel. Shaw v. Scott
15 N.Y. Sup. Ct. 566 (New York Supreme Court, 1876)
Mandlebaum v. McDonell
29 Mich. 78 (Michigan Supreme Court, 1874)
Quin v. Skinner
49 Barb. 128 (New York Supreme Court, 1867)