Weyman's Executors v. Ringold

1 Bradf. 40
CourtNew York Surrogate's Court
DecidedSeptember 15, 1849
StatusPublished
Cited by12 cases

This text of 1 Bradf. 40 (Weyman's Executors v. Ringold) is published on Counsel Stack Legal Research, covering New York Surrogate's Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Weyman's Executors v. Ringold, 1 Bradf. 40 (N.Y. Super. Ct. 1849).

Opinion

The Surrogate.

Richard Eingold died on the 27th of May, 1847, aged nineteen years, without issue and unmarried, leaving his mother and sister smwiving. His sister, Mary Eingold, was born May 15, 1830.

Upon this state of facts, I atn required to determine whether the moiety of $4000, directed to be paid to Rich[42]*42ard Eingold, on attaining the age of 21 years, hy reason of his decease before that period, survived to his sister Hary Eingold, or passed to his personal representatives, or fell into the residue of the estate.

It is necessary in Ivmine to ascertain, whether or not the legacy to Eichard Eingold, was vested. The general principle is well settled, that where the gift is absolute, and the time of ¡payment only, postponed, time, not being of the substance of the gift, but relating only to the payment, does not suspend the gift, but only postpones the payment. (Burril vs. Sheil, 2 Barbour's S. C. R., 458; Patterson vs. Ellis' Executors, 11 Wendell, R., 259; Jackson vs. Jackson, 1 Vesey, Sen., 217; Bolger vs. Mackell, 5 Vesey, 509.)

Where, however, the legacy is given at 21, or if, in case, ¡provided, or when, the legatee attains that age, time may be of the substance of the gift, and if so, the bequest does not vest till the event happens. So, also, where there is no gift, but by a direction to executors to pay or divide, and pay at a future time or on a certain condition, the vesting may not take place, till the time arrive or the condition be performed. (Leake vs. Robinson, 2 Meriv., 387; Booth vs. Booth, 4 Vesey, 399; Ford vs. Rawlins, 1 Sim. & Stu., 328; Vize vs. Stoney, 2 Dr. & W, 670; Breedon vs. Tugman, 3 My. & K., 289.)

But there is an important distinction to be observed in those cases, where the gift is to be severed instanter from the general estate for the benefit of the legatee, and the interim interest is to accumulate or to be applied to the support of the beneficiary. A bequest, which from being given when the legatee attains 21, or which from being a mere direction to pay at that time, might not be held a vested legacy, becomes vested, when coupled with a provision for the severance of the fund from the bulk of the estate, and an intermediate accumulation of the interest or the application of it, for the benefit of the legatee. These circumstances are considered as controlling indications of the testator’s intention, that the legatee should at all events have the prin[43]*43cipal, and is only to be deferred as to the time of its payment. Such legacies have, therefore, been held to be vested. The doctrine is based npon sound reasoning and is well established. (Fonereau vs. Fonereau, 3 Atkyn, 645; Hoath vs. Hoath, 2 Bro. C. C., 4; Walcott vs. Hall, Ibid., 305; Hanson vs. Graham, 6 Vesey, 239; Branstrom vs. Wilkinson, 7 Vesey, 421; Vivian vs. Mills, 1 Beavan, 315; Greet vs. Greet, 5 Beavan, 123; Parker vs. Golding, 13 Simon, 418; Milroy vs. Milroy, 14 Sim., 48; Hammond vs. Maule, 1 Coll. 281; Saunders vs. Vautier, 1 Cr. & Ph., 240; Lister vs. Bradley, 1 Hare, 10; Packham vs. Gregory, 4 Hare, 397.)

On the application of this rule to the present case, I find that although there was no absolute, direct gift in express terms, to Richard Ringold, yet the directions of the testator, as to the severance of the sum of $4000 from the estate, its investment, the application of the interest to the support of Richard and Mary, and the payment to them of the principal fund on their severally attaining majority, are strong and decisive circumstances, evincing an intention to make the gift vested.

As to the nature of the estate in this legacy, belonging to Richard Ringold, at the time of his decease, there can be no difficulty, after ascertaining that it was vested, in determining its legal character. The executors are directed to pay the $4000 to the two legatees, “ in equal moieties,” upon their so (i. e., 1 respectively,’) attaining the age of twenty-one years.” Rothing is more firmly settled than that a devise or bequest to a number, by any mode of expression which denotes a severance, vests in the devisees or legatees, as tenants in common and not as joint tenants. (Heathe vs. Heathe, 2 Atkyn, 122; Norman vs. Frazer, 3 Hare, 84; Lashbrook vs. Cock, 2 Meriv., 70; Richardson vs. Richardson, 14 Simon, 526.) Where there is a gift to children when they arrive at the age of 21, those who reach that age will necessarily take as tenants in common, even though no words of division are used, because lega[44]*44tees who are to take at different times, cannot take as joint tenants. (Woodgate vs. Unwin, 4 Simon, 129.)

Here the time of payment is not only different as to each legatee, but there is an express provision for the payment of the fund to the legatees in “ equal moieties,” that is, $2000 to each, as they severally arrive" at 21. It is, therefore, a clear ease of tenancy in common. (2 Powell on Devises,' 310, 311; Williams on Executors, 1253-4.) Richard Ringold having died under 21, without leaving issue, the next point that arises, relates to the disposition of his moiety. Had the testator, after directing his executors to pay Richard and Mary their shares, on their respectively attaining the age of 21, then stopped, there could have been no doubt, that on the decease of either of the legatees under that age, his or her share being vested, would have passed to his or her personal representatives. The testator, however, does not stop at that point, but proceeds in these words, “and in case they shall die, without leaving lawful issue, before they attain the age of 21 years, the said money shall fall into and become a part of the residue of my estate.” The first consideration suggested by this clause is, whether it affects the result just attained, as to the vesting of the legacy. I think not.

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

Related

Drew v. Scranton
229 F. Supp. 310 (M.D. Pennsylvania, 1964)
Macy v. Burchell
131 Misc. 602 (New York Supreme Court, 1927)
In re Brooklyn Trust Co.
126 Misc. 80 (New York Surrogate's Court, 1925)
Harris v. Dozier
72 Ill. App. 542 (Appellate Court of Illinois, 1897)
Neilson v. Bishop
45 N.J. Eq. 473 (New Jersey Court of Chancery, 1889)
Holden v. Gibson
16 Ill. App. 411 (Appellate Court of Illinois, 1885)
Hulse v. Reevs
3 Dem. Sur. 486 (New York Surrogate's Court, 1884)
Martine's Estate
11 Abb. N. Cas. 50 (New York Surrogate's Court, 1882)
Roche v. Ullman
104 Ill. 11 (Illinois Supreme Court, 1882)
Meyer's Will
6 Abb. N. Cas. 438 (New York Surrogate's Court, 1879)
Brown v. McKee
2 N.Y. City Ct. Rep. 320 (Commission of Appeals, 1874)
Easter v. Little Miami Rail Road
14 Ohio St. (N.S.) 48 (Ohio Supreme Court, 1862)

Cite This Page — Counsel Stack

Bluebook (online)
1 Bradf. 40, Counsel Stack Legal Research, https://law.counselstack.com/opinion/weymans-executors-v-ringold-nysurct-1849.