65 N.Y.S. 81 | N.Y. App. Div. | 1900
The 17th clause of the will of the testator, Maurice Ahern, is susceptible of no other interpretation than that it created a trust in his real and personal estate to continue during five minorities, and, therefore, unlawfully suspended the power óf alienation of the realty and the absolute ownership of the personalty of which the testator died seized and possessed. In express words, the gift is to the executors to have and to hold the same “ until all of my children shall have arrived at the age of twenty-one years ; and during, the period of their said trust to receive the income, rents, issues and profits, of said property, and to apply the net sum to the support and maintenance of my wife and children and the' education of my children.” The testator left five minor children surviving him. There is a provision 'in the 17th clause which reads as follows:
The judgment must be reversed and judgment directed declaring the trust created by the 17th.clause to be void, with costs to all parties appearing to be paid out of the estate.
Rumsey, Ingraham and McLaughlin, JJ., concurred.
Judgment reversed and judgment directed declaring the trust created by the 17th clause to be void, with costs to all parties appearing to be paid out of the fund.