Speir v. Benvenuti

194 A.D. 769, 185 N.Y.S. 769, 1921 N.Y. App. Div. LEXIS 9356
CourtAppellate Division of the Supreme Court of the State of New York
DecidedJanuary 14, 1921
StatusPublished
Cited by1 cases

This text of 194 A.D. 769 (Speir v. Benvenuti) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Speir v. Benvenuti, 194 A.D. 769, 185 N.Y.S. 769, 1921 N.Y. App. Div. LEXIS 9356 (N.Y. Ct. App. 1921).

Opinion

Blackmar, J.:

Charles W. Wheeler and Lucy Maud Wheeler were husband and wife. They were divorced in March, 1900. \rhe decree of divorce made no provision for alimony or the custody and support of their child, Rosalie; but immediately thereafter an agreement, dated March 29, 1900, was made between the parties upon this subject. Pursuant to the terms of such agreement on the twenty-ninth day of March Lucy Maud wheeler conveyed to Charles W. Wheeler certain real property in\New York State as trustee to collect the rents and pay theito to their child, Rosalie, during her life, with remainder, upon [her death, to Charles W. Wheeler if then alive;if not, to those whW he might designate in his will, or, in default of such designW tion, to his heirs. The deed contained a power of sale witfc authority to invest the proceeds. There was a provision foil a substituted trustee in case of the death of Charles W. Wheeler, and it reserved to Lucy Maud Wheeler an annuity of $150 a month so long as she should live unmarried. On the thirtieth of March J. Warren Greene conveyed a parcel of real property in the State of New Jersey to Charles W. Wheeler upon the same trust as that contained in the deed of the New York property, except that there was not therein a reservation of an annuity to Lucy Maud Wheeler.

[771]*771On the 21st day of June, 1905, an agreement was made between Charles W. Wheeler, Lucy Maud Wheeler and Rosalie Wheeler, which is the cause of the controversy in this case. This agreement purported, among other things, to change the term of the trust created by the deeds from Lucy Maud Wheeler and from J. Warren Greene to Charles W. Wheeler. It is enough for the purpose of this opinion to say that the agreement provided that the trust should terminate upon the death of Charles W. Wheeler if Lucy Maud Wheeler “ shall have remarried, or be not then living.” It provided that on the termination of the trust the principal of the trust fund should be transferred, set over and delivered to Rosalie if living, or if she be then dead, to her issue surviving, share and share alike, or in the event that neither Rosalie nor her issue should be living at the time the trust should terminate, then to Charles W. Wheeler, or in case of his death to the persons named in his will, or in default of a will, to his heirs and legal representatives. Lucy Maud Wheeler remarried on August 1, 1905, and thereupon her interest in the property ceased.

Charles W. Wheeler died on the 24th day of May, 1919, leaving a will which, after certain bequests, devised and bequeathed his property to his executor, the plaintiff herein, in trust to pay the income to his daughter Rosalie for her life; and upon her death, two-thirds to the Salvation Army and one-third to the New York Catholic Protectory.

Rosalie Wheeler, on November 1, 1917, being then in London, executed to John Venning and Oswald Eric Tattersall as trustees a deed of trust, which if valid conveyed to them her interest, if any, in the property acquired by the agreement of 1905. Upon the death of Charles W. Wheeler, if the agreement of 1905 was effective to change the terms of the trust deeds, Rosalie Wheeler or her grantees, John Venning and Oswald Eric Tattersall, as trustees, became entitled to the principal of the trust fund. Doubts having arisen as to the competency of the agreement of 1905 to change the terms of the trust or the devolution of the remainder, this controversy is submitted to the court by all living parties in interest, with the prayer that their rights be determined and that the plaintiff be instructed as to his duty in the premises. In [772]*772the interests of brevity, I have given the substance and not the letter of the material parts of the deeds, contract and will.

The primary question in the case is the effect of the agreement of 1905 upon the trust and remainder created by the deeds of 1900. I shall first consider its effect upon property lying in the State of New York. The deed created an express trust for the benefit of Rosalie during her life, with remainder granted in the following language: “ Upon the death of my said daughter to transfer and convey or cause to be transferred and conveyed all of said real estate or the securities and property in which its proceeds may be invested, together with all moneys then in the hands of the trustee or trustees to said Charles W. Wheeler, if he be then living, or if he be not living to such person or persons as he shall designate in his last Will and Testament or if he shall not make such designation by last Will and Testament to the person or persons who at the time of his death shall be his heir or heirs at law according to the statutes of the State of New York then in force,—• per stirpes.” Such a trust, although terminable by the parties thereto according to the rules of the common law, is, by the Revised Statutes of this State, adopted in' 1830, inalienable and indestructible by the act of the parties.

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Related

Speir v. Benvenuti
197 A.D. 209 (Appellate Division of the Supreme Court of New York, 1921)

Cite This Page — Counsel Stack

Bluebook (online)
194 A.D. 769, 185 N.Y.S. 769, 1921 N.Y. App. Div. LEXIS 9356, Counsel Stack Legal Research, https://law.counselstack.com/opinion/speir-v-benvenuti-nyappdiv-1921.