Story v. Palmer

46 N.J. Eq. 1, 1 Dickinson 1
CourtNew Jersey Court of Chancery
DecidedOctober 15, 1889
StatusPublished
Cited by2 cases

This text of 46 N.J. Eq. 1 (Story v. Palmer) 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
Story v. Palmer, 46 N.J. Eq. 1, 1 Dickinson 1 (N.J. Ct. App. 1889).

Opinion

[3]*3Rufus Story died on October 6th, 1887, seized and possessed -of both real and personal estate. By his will, dated on the 3d of January, 1884, he bequeathed his household furniture, horses and carriages to his widow, absolutely, gave her his homestead for life and directed his executors to invest $100,000 and pay the income to her during her life, and, until such investment should be made, to pay her $4,000 yearly in quarterly payments. And he also empowered the executors to pay the insurance upon and repairs to the homestead and the taxes from time to time assessed against it during his widow’s life. He then gave $5,000 to a grandson, to be paid when the grandson should reach the age of twenty-one years. By the fifth paragraph of his will he ■devised and bequeathed all the rest of his estate, real and personal, including the remainder in the homestead, to his executors, or to such of them as should qualify, the survivors and survivor of them—

“In trust” [using the language of the will] “and to and for the purposes following, that is to say: 1. That they sell, dispose of and convey the same, at \ public or private sale, at such times and on such terms as they in their, his or her discretion may think proper. 2. That they divide such real and personal estate, or the proceeds thereof, into four equal parts or shares, one of such [4]*4shares for each of my daughters, Mary Elizabeth Palmer, Emily L. Parret, Alice Rowland and Abby Story.”

He then directed the executors to charge the share of Mrs. Parret with certain sums of money theretofore advanced by the testator to her husband, which, subsequently, by a codicil to the will, made in April, 1887, were fixed at $49,539.28, and to “ convey, pay and assign ” the shares of his daughters, Mary Elizabeth Palmer, Alice Rowland and/ Abby Story, to them, absolutely, and to “hold, retain, invest and keep invested” the share of his daughter Emily L. Parret, and to “collect and receive”and pay or apply the rents, interest and income ” to her use for life and transfer the principal to her issue at her death. By the sixth paragraph of the will he empowered his executors to pay all taxes and assessments that might be imposed upon his property until the “ sale or division ” thereof, and to lease the real estate until “ such sale or division.”

“And” [following the language of the will] “to make all divisions and partitions of my real and personal estate, or the proceeds thereof; also to-make, seal, execute and deliver all necessary deeds or other instruments in writing.”

He appointed his widow, Ursula Story, his daughters, Alice Rowland and Mary Elizabeth Palmer, executrices, and his friends Elias J. Herrick and Dwight P. Cruikshank, executors of the will. With the exception of Mr. Herrick, the persons appointed have duly qualified as executrices and executor. The bill, which was filed by the testator’s daughter, Abby Story, in March, 1888, alleges that her father’s real estate is worth about $1,000,000, and gives reasons why, in the exercise of a sound judgment, it would be better to partition than to sell it, and also alleges that the executrices and executor disagree upon the question whether the land should be sold or divided; the executrix Mary E. Palmer insisting that it shall be sold while the others insist that it shall be divided, and it objects that the interest of two of the executrices as eestuis que trustent unfits them for the proper discharge of their duties as trustees. The bill prays for a partition of the real estate by this court or for a partition of it [5]*5by the executrices and executor under the direction and control of the court. The executrices and executor who have qualified, the husband of Mrs. Rowland, Mrs. Parret and her husband and children and the husband of one of her daughters, are made •defendants to the bill. Of the defendants, Mary E. Palmer alone ' replies, answering so far as to deny that she resists a proper partition of the real estate, and allege that she is ready to sell it, and complain that her co-executrices and executor will not join v in such sale, and demurring to the relief sought by the bill. The -case has come to hearing upon the bill and answer.

The Chancellor.

This case presents two questions, first, whether, notwithstanding the trusts created by the will and the protest of the defendant Mary E. Palmer, the court will partition the real estate at the instance of the complainant and, second, whether, under the* ■circumstances of the case, as they appear by the bill and answer, it will compel the trustees to proceed to a division of the estate.

It may be stated as the established rule, that while this court will recognize equitable titles and deal with them in its proceedings, it will not decree a partition urged by one oestui que trust and resisted by another, where its effect would be to override and put an end to active trusts and defeat the testator’s intention. Before equitable owners may have partition carrying the legal estate, they must be entitled to call for that legal estate.

In Taylor v. Grange, L. R. (13 Ch. Div.) 2232 a testator devised his lands to trustees to permit his widow to occupy the homestead and collect the rents, issues and profits of the remainder and pay them to his three daughters during their lives, and at their death to divide the lands among their issue as directed by the will. They were also directed to work a quarry upon a portion of the lands and construct roads to it over other portions •of the lands, and to dispose of the profits of the quarry as directed. One of the daughters asked for partition. It was denied by Mr. Justice Fry, upon the ground that it would be overriding au active trust. Upon appeal (L. R. (15 Ch. Div.) 165) this decision was affirmed, Lord Justice James remarking: This [6]*6testator has imposed trusts upon the property, as to which there is no person in existence capable of putting an end to them, supposing the tenant for life desired to have those trusts carried into effect. Under those circumstances, it appears to me that we should, by granting this partition, be destroying the will of the testator, and in fact be making a new disposition of the property for him.” And Lord Justice Cotton saying: “The difficulty is not simply that there is a legal estate outstanding, but there are active trusts to be performed which may for some purpose require, in order that the testator’s intention should be carried into effect, that the property should remain as an entirety in the trustees during the continuance of those trusts, and the persons seeking a partition are not in a position, having regard to their estates and interests, to put an end to those trusts. Therefore they must take the property subject to the testator’s will, and to *the trusts which he has directed to be performed.” In Biggs v. Peacock, L. R. (22 Ch. Div.) 284. (on appeal from Vice-Chancellor Bacon, L. R. (20 Ch. Div.) 200), a testator directed the trustees under his will, at such times and in such manner as they should think fit, to sell his copy-hold estate and hold the proceeds in trust for his widow for life, and after her death for his children. He left six children, all of whom obtained a vested interest and were sui juris.

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Related

Braman v. Central Hanover Bank Trust Co.
47 A.2d 10 (New Jersey Court of Chancery, 1946)
Martin v. Martin
150 A. 338 (New Jersey Court of Chancery, 1930)

Cite This Page — Counsel Stack

Bluebook (online)
46 N.J. Eq. 1, 1 Dickinson 1, Counsel Stack Legal Research, https://law.counselstack.com/opinion/story-v-palmer-njch-1889.