Zabriskie's Executors v. Wetmore

26 N.J. Eq. 18
New Jersey Court of Chancery·Decided February 15, 1875·Published·Cited by 1 cases

Opinion

The Chancellor.

John Tonnele, formerly of the county of Hudson, died on the 26th of November, 1852. By his will, dated on the 6th [19] of that month, after making specific devises and bequests, he gave, devised, and bequeathed all the rest and residue of his property, real and personal, to his eight children, Laurent John Tonnele, Julia Emilie Tonnele, Cecile Josephine Tonnele, Laurencine Salles Tonnele, Adelaide Jane Tonnele, Margaret Tonnele, Eloise Tonnele, and Isabella Zedina Tonnele, to be equally divided between them, share and share alike, in such manner that each child should receive only the net rents, income, and profits of his or her share during his or her life; and at the death of each child, his or her share should go to, and vest in, his or her lawful issue, and in default of such issue living at his or her death, then to the testator’s other children, and their issue, in the same manner as the share of each was thereby limited and given; the children of any deceased child to take the parent’s share. In order1, as ho declared, more fully to carry out the objects of his will, the testator appointed and declared his executors to be trustees of all property, estate, or interests therein given or devised to any of his children, or that any of them might be entitled to by virtue of any provision of the will during the life of such child, (except the life estate in his mansion house devised to his son,) with full power to retain all such property in their hands unsold and undivided until after the year 1867. And he thereby authorized his executors to sell and convey all or any part of his real estate, and all real estate that might be purchased by them, and to invest his personal estate and the proceeds of the sale of such real estate, at interest, on bond and mortgage of real estate, or in government or state stocks, or to lay out the same in the improvement of his real estate, or in the purchase of other real estate and the improvement thereof, as might seem to them most for the interest and advantage of his children, and for the improvement of his estate, and to change such investments as they should judge best, from time to time. He ordered and directed his executors to pay over to each of his children, during his or her natural life, the net income of that part or portion of his estate therein given or devised to such child, after deducting [20] therefrom all taxes, assessments, commissions, and other annual expenses and charges; the income of each of his daughters to be paid to her, upon her own receipt, for her separate use, free from the control of any husband; and that of his son, as well as the annuity therein granted to the latter, on certain events, to be paid to him, on his own receipt, for his own use, and not to any assignee or mortgagee of the same. The will was duly proved by all the executors, who were .the testator’s widow, Robert Gilchrist, and Abraham O. Zabriskie.

All of the testator’s children, named in his will, survived him. Since his death, two of his daughters have died, without issue and unmarried. Others of his daughters, among them, Julia Emilie, have married. She married Francis G. Wetmore, and has three children living. All of the executors are dead, The last, Abraham O. Zabriskie, died on the 27th of June, 1873, leaving a will, of which the complainants are executors. There was in his hands, as surviving trustee, at the time of his death, §226,817.11. Mrs. Wetmore’s share of which, was §34,648.87. On or about the 27th of December, 1873, Mr. and Mrs. Wetmore presented their petition to the Orphans Court of Hudson county, in which county the testator, John Tonnele, resided at the time of his death, setting forth, substantially, the foregoing facts, and praying the appointment of Mr. Wetmore as trustee, to execute the trusts of the will of John Tonnele, touching the estate of Mrs. Wet-more. That court, on the 3d of January, 1874, ordered that Mr. Wetmore be appointed trustee, to execute the trusts of the will of John Tonnele, deceased, touching the estate and interest of Mrs. Wetmore, with all the powers of the trustees appointed by the will, and requiring Mr. Wetmore to give a bond, to be approved by the court, in the penalty of $40,000, with one or more sureties, being freeholders, and conditioned for the due performance of his trust. The bond was given, and approved by the court. The newly appointed trustee then demanded of the executors of Mr. Zabriskie, the share of Mrs. Wetmore in the trust estate.

[21] The executors declined to pay it over, and filed their bill in this court, suggesting the existence of grave doubts as to their power and authority, under the will of John Tonnele, to divide and transfer to Mr. W< ire, as trustee, the portion of the trust estate in their hand,-:, to which Mrs. Wet-more is beneficially entitled for her life, and as to the jurisdiction of the Orphans Court to appoint Mr. Wetmore trustee, especially seeing that none of the parties in interest were made parties to the application to that court, nor in any way notified of the contemplated action of that court in the premises. The executors, however, by the bill, waived notice to them, and all irregularity or imperfection in the proceedings, on account of their not having been made parties thereto, or cited therein. It was admitted, on the hearing, that the assets of the estate have been collected and invested, and all the debts paid; also, that a just partition of the investments, if one were decreed, might be made.

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Zabriskie's Executors v. Wetmore, 26 N.J. Eq. 18 (N.J. Ct. App. 1875).

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