United States Trust Co. v. Terry

167 A.D. 152, 15 Mills Surr. 44, 153 N.Y.S. 207, 1915 N.Y. App. Div. LEXIS 8231
CourtAppellate Division of the Supreme Court of the State of New York
DecidedApril 23, 1915
StatusPublished
Cited by3 cases

This text of 167 A.D. 152 (United States Trust Co. v. Terry) 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
United States Trust Co. v. Terry, 167 A.D. 152, 15 Mills Surr. 44, 153 N.Y.S. 207, 1915 N.Y. App. Div. LEXIS 8231 (N.Y. Ct. App. 1915).

Opinion

Stapleton, J.:

The object of the plaintiff’s action is a judicial construction of the will of Ambrose M. McGregor, deceased, in relation to clauses as to the meaning of which plaintiff professes to be in doubt. The plaintiff is a trustee of a trust created by the will. The defendants are the trustees of a similar trust; the execu[154]*154tors named in the will of the testator’s widow, now deceased; the executor of the will of the testator’s son, now deceased; adult and infant collateral relatives of the deceased, who are legatees; and certain other persons, in whom we are not interested in the disposition of this appeal.

The testator died on the 31st day of October, 1900. His will was executed on the 27th day of January, 1897. A codicil was executed on January 20, 1899. The will was probated in this State, in the county of Westchester. The testator was survived by his widow, Tootie, and his son, Bradford. At the time of his death he had two brothers (John A. and Alexander H.) and three married sisters (Margaret J. Coleman, Mary A. Kendall and Jane Drake). The son Bradford died on the 7th day of September, 1902. He devised and bequeathed the bulk of his estate to his mother, the testator’s widow. The widow of the testator remarried. Her husband’s name is Terry. She died on the 17th day of August, 1912. She left a will in which she provided generously for her kin and her surviving husband, and in which she munificently endowed an Ohio corporation named “A. M. McGregor Home,” having among its purposes the care of destitute aged men and women in the village of East Cleveland, Ohio.

Under the residuary clause of the will of Ambrose M. McGregor his widow received $1,046,535.36 out of a total estate of $1,512,274.51. The questions before the court involve the distribution by the two trustees of about $273,000. The executors of the testator’s widow have also contended that in any event a large part of the fund now held as principal includes the proceeds of certain subscription rights and stock dividends and the proceeds of stock of subsidiary corporations received by the trustees in connection with shares of the Standard Oil Company of New Jersey, which proceeds constitute income due the estate of the widow. A motion on their behalf was granted, reserving their rights in these issues in view of the fact that such issues become immaterial under the construction of the will adopted by the trial court.

The testator’s two brothers and his sister Margaret Coleman died before the death of the widow. The facts as to the testator’s brothers and sisters and their descendants are mani[155]*155fested by this classification of persons and reference to periods of time:

Ambrose M. McGregor had two brothers and three sisters, all of whom survived him, viz.:

1. John A. McGregor
2. Alexander H. McGregor
3. Mrs. Margaret J. Coleman
Died prior to deat Mrs. Terry.
4. Mrs. Mary Kendall )
5. Mrs. Jennie Drake )
Now living.

I. John A. McGregor died July 25, 1910 (Le Roy L. McGregor is executor). His descendants are:

1. Alanson A. McGregor.
2. Le Roy L. McGregor.
(1) John A. McGregor) )
T (2) Joe F. McGregor )
j Both infants under fourteen.

II. Alexander H. McGregor died September 20, 1904 (Frank McK. Biggar is administrator). His descendants are:

1. Charles J. McGregor, died August 8, 1907 (Sara G. Mergenthal is executrix). His descendants are:
(1) Dorothy is over fourteen.
(2) Donald )
(3) Mary Isabelle )
Under fourteen.

2. Ambrose Morrison McGregor. His descendant is:

(1) Robert McGregor — under fourteen.

3. Mrs. Susie F. Durey. Her descendants are:

(1) Thane Durey — over fourteen.
(2) Donald Durey — under fourteen.
(3) Gerald Durey — under fourteen.

4. Mrs. Elizabeth Isabelle Giles. Her descendant is:

(1). Marshall McG. Giles—under fourteen.

5. Mrs. Nellie Kimball. No descendants.

6. Mrs. Elsie Biggar. Her descendant is:

(1) Jane B. Biggar — under fourteen—(died after beginning of action, leaving her father, Frank McK. Biggar, her only next of kin).

1. Mary L. McGregor (now Mrs. Warren).

(Mrs. Warren has one child, born December, 1913, who has no interest in the fund.)

8. Margaret Mildred McGregor (now Mrs. Woodworth).

[156]*156III. Mrs. Margaret J. Coleman, died in February, 1912 (Margaret J. Coleman is administratrix). Her descendant is:

(1) Margaret J. Ooleman.

IV. Mrs. Mary A. Kendall. Her descendants are:

(1) John Alexander Kendall.
(2) William H. Kendall.
(3) Maude B. Kendall.
(4) Claude G. Kendall, died May 9, 1901, without issue (Mary A. Kendall is administratrix).

V. Mrs. Jennie Drake. Her descendant is:

(1) Mrs. Edna M. Fontaine.

The clauses of the will presented for construction, and which are of controlling importance, read:

“ Twelfth :
“To the United States Trust Company of Hew York, I give the proceeds of One hundred and twenty-five shares of Standard Oil Trust Certificates, to have and to hold the same in trust, . to invest and reinvest as trustee for my wife Tootie B. McGregor, for and during her natural life, to collect and receive the interest, income and profits thereof and to pay the same to my said wife Tootie B. McGregor, and to and for her use and benefit for and during hr natural life; and unto the Union Trust Company of New York I give the proceeds of one hundred and twenty-five shares of Standard Oil Trust Certificates on the like trust for my said wife Tootie B.

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

Related

In re the Estate of Watson
144 Misc. 213 (New York Surrogate's Court, 1932)
United States Trust Co. v. Taylor
193 A.D. 153 (Appellate Division of the Supreme Court of New York, 1920)
United States Trust Co. v. Terry
153 N.Y.S. 1148 (Appellate Division of the Supreme Court of New York, 1915)

Cite This Page — Counsel Stack

Bluebook (online)
167 A.D. 152, 15 Mills Surr. 44, 153 N.Y.S. 207, 1915 N.Y. App. Div. LEXIS 8231, Counsel Stack Legal Research, https://law.counselstack.com/opinion/united-states-trust-co-v-terry-nyappdiv-1915.