28 Del. Ch. 386 | New York Court of Chancery | 1945
The trustee asks instructions concerning the persons entitled to distribution of a fund given under the will of James L. Carpenter in the following language:
“I will and bequeath to Lydia E. Crossgrove the interest of Two Thousand Dollars to be paid each and every year during the period of her natural life. At her death I will and bequeath the said Two Thousand Dollars to be equally divided between my children, share and share alike.”
At the testator’s death, eleven of his children survived him. Some years later when Lydia E. Crossgrove died,
The surviving children insist that this was a gift upon a future event and was contingent until the death of the life beneficiary, relying upon Conwell’s Adm’r. v. Heavilo’s Adm’r., 5 Har. 296. To my mind, that case rather supports a contrary view. Here, we have a simple instance of a testamentary gift to the testator’s children, following a life interest, with no apparent purpose for the postponement of the gift other than to permit the payment of income to the life beneficiary. There is no indication of intent that the death of the life beneficiary should' be a future event annexed “to the substance or gift of the legacy”; nothing to outweigh the constructional preference for the early vesting of estates or interests. See Cann v. Van Sant, 24 Del. Ch. 300, 11 A. 2d 388 (and cases cited), affirmed Frame v. Cann, 24 Del.Ch. 353, 16 A.2d 248; Wilmington Trust Co. v. Bronxville Trust Co., 24 Del.Ch. 64, 5 A.2d 248; Doe ex dem. Wright v. Gooden, 6 Houst. 397.
The trustee should be instructed to make distribution of the fund on the basis that the gift vested in the testator’s children living at his decease.
A decree accordingly will be advised.
