Varick v. Smith

58 A. 168, 67 N.J. Eq. 1, 1 Robb. 1, 1904 N.J. Ch. LEXIS 66
CourtNew Jersey Court of Chancery
DecidedJune 7, 1904
StatusPublished

This text of 58 A. 168 (Varick v. Smith) 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
Varick v. Smith, 58 A. 168, 67 N.J. Eq. 1, 1 Robb. 1, 1904 N.J. Ch. LEXIS 66 (N.J. Ct. App. 1904).

Opinion

Magie, Chancellor.

The bill in this cause was filed by William W. Yarick, administrator with the will annexed of Augusta Almeda Thompson, deceased, and others, who are interested under the provisions of said will. The purpose of the bill is to obtain a construction of some of the provisions of the will, and instructions and directions to the complainant, the administrator with the will annexed, and for other relief.

The sole defendant is the child of a nephew of the testatrix and is made a party as claiming an interest in the estate of the deceased. She is an infant and appears by a guardian ad litem.

There are many questions raised in respect to the construction of parts of the testatrix’s will, but as preliminary to their consideration there are other questions which must be disposed of.

The first question relates to the power of the administrator with the will annexed over the sale of certain real estate of which the testatrix died seized. It is made to appear that the testatrix died on July 15th, 1900. She left a last will executed by her on October 27th, 1879. By that will she appointed Erancis W. Raymond and Henry W. Johns executors and trustees, and in the event of the death, disability or refusal of either of them to qualify or act, she appointed in his place Thompson Kingsforcl. Both Raymond and Johns had died before the testatrix. Iiingsford survived testatrix, but renounced and declined to act as executor or trustee. The complainant Yarick was duly appointed administrator with the will annexed.

[3]*3The testatrix left property botli real and personal. After making some specific legacies and dispositions, the fourth clause of the said will was in the following words:

“Fourth. — All the rest, residue and remainder of my estate of which I may die seized or possessed, of whatsoever kind and wheresoever situated, I do hereby give, devise and bequeath to my executors hereinafter named.
“In Trust : To divide into five equal shares, and to pay over one of the said shares to each of my said brothers, Francis W. Raymond and Henry A. Raymond, if living, but if either shall have died, then his issue to take the share which his, her or their parent would be entitled to, if living; and to hold, invest and manage one of said remaining three shares for each of my said sisters, Mary Louisa Raymond, Catherine J. Smith and Emma E. Langwith, and to invest their said respective shares in the securities allowed by law only, and receive the rents, profits and income thereof, and to pay over the same quarterly to my said sisters, respectively, for each of their sole and separate uses and benefit, during their natural lives, respectively, and free from the control and debts or engagements of either of their present or any future husbands either of them may marry, and after the death of either of them, then to pay the principal of the personal estate and convey the real estate, if any, to and amongst her child or children in such shares and proportions as she shall by deed or by her last will and testament direct and appoint, and in default of issue my said sisters to have the power by appointment to leave their respective shares to such persons as they shall think proper; and in default of any such appointment said respective shares to go to their said respective children in equal shares upon attaining the age of twenty-one years, respectively, with power to said trustees to apply the income and such part of the principal as they in their discretion shall think proper towards the education, maintenance and support of such child or children during his, her or their minority, and in case there shall not be any child who shall attain the age of twenty-one years, and default of issue and any appointment, then the said share of either one of my said sisters so dying shall go to her next of kin as provided by law, in any state where I may be residing at the time of my death, excepting, howevei', that it be in the same mañuelas if she had died unmarried.”

It is obvious that by this disposition of the rest and residue of all her property, real ap.d personal, testatrix intended to invest her executors with the legal title to her real estate and the legal interest in her personal estate which should remain after payment of debts and expenses of administration and after the specific dispositions previously contained in her will had been made. The legal estate and interest thus conferred was to be taken and held by them upon the trusts declared. The pre[4]*4liminary duty imposed on them was to divide what was thus given into live equal shares. Two of the shares were intended to be immediately paid to her brothers or to the issue of either who had died. Of the three other shares, one was to be held by them during the life of each of her sisters.

If the performance by the trustees of the duty to divide the residue into five equal shares required the conversion of real estate into money, they doubtless had power to sell real estate. Testatrix, however, contemplated that a division of real estate might be made so that any share allotted to a sister for life might include a portion of real estate, for although she- directs the investment of such a share in securities allowed by law, she also directs the trustees, upon the death of the life tenant, to pay the principal of the personal estate and convey the real estate, if any, of such share to the persons designated as the ultimate beneficiaries.

The sale of real estate thus permitted by implication is plainly to be made, not by the executors in that capacity, but by them as trustees holding the real estate as devisees in trust.

• The question presented, then, is whether a sale of real estate thus provided for may be made by an administrator with the will annexed.

It was necessarily conceded in the argument that such an administrator possesses power to sell real estate of a testator only by virtue of the provisions of some statute.

By the provisions of section 20 of the “Act concerning executors and the distribution of intestates’ estates,” approved April 16th, 1846 (Rev. 1846 p. 350), it was provided that a deed made by any administrator with the will annexed for any lands sold pursuant to any power or direction in the will given to or vested in the executor named therein, should be as good, valid and effectual as if made and executed by such executor. It was further provided that such administrator should have the same power and authority as was given to or vested in the executor named in the will, unless where otherwise expressly provided in the same.

The provisions of section 20 above cited were substantially [5]*5re-enacted as section 11 of the “Act concerning executors and the administration of intestates’ estates” (Ee,vision), approved March 27th, 1874.

By an act entitled “A supplement to an act entitled ‘An act concerning executors and the administration of 'intestates’ estates’ (Bevision), approved March twenty-seventh, one thousand eight hundred and seventy-four, regulating the 'sale of lands by administrators with the will annexed, or by administrators do 'bonis non with the will annexed, and defining their powers,” approved April 6th, 1888 (P. L. of 1888 p. 395; Gen. Stat. p. 1429), the provisions of section 11, above cited were repealed.

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Bluebook (online)
58 A. 168, 67 N.J. Eq. 1, 1 Robb. 1, 1904 N.J. Ch. LEXIS 66, Counsel Stack Legal Research, https://law.counselstack.com/opinion/varick-v-smith-njch-1904.