41 N.Y. 289 | NY | 1869
Lead Opinion
[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.] *291 The only question presented in this case, is whether this will gives a valid power of sale to these executors, under which they can convey a good title to the premises in question, to the defendant. It is very clear to my mind that it does. The appellant's counsel claims and insists, that there is no positive trust created in this case, and that if a trust to sell can be implied, it would not be valid as a trust, because it is neither for the purpose of paying debts or legacies. The fair import of the will is, that these residuary legatees shall receive from the executors their *292 bequests in money. If this be so, then the lands are required to be sold by the executors, and the moneys distributed to these residuary legatees, according to the directions contained in the will. It does not follow, however, that if this is not one of the trusts allowed by the statute, this power of sale is therefore wholly invalid. The fifty-eighth section of the same article, declares that where an express trust shall be created for any purpose not enumerated in the preceding sections, no estate shall vest in the trustees; but the trust directing or authorizing the performance of any act which may be lawfully performed under a power, shall be valid as a power in trust, subject to the provisions in relation to such powers contained in the third article of this title (1 R.S., 729, § 58.) The construction put upon this fifty-eighth section in the case of Downing v.Marshall (23 N.Y.R., 366, §§ 379 and 380), and in which I fully concur, relieves the case from this difficulty, if any such existed in the case. But this argument does not belong to the case. Here is no attempt to vest a title in the trustees, but to confer a power of sale upon these executors, and distribute the avails to the residuary legatees. It has never been doubted that such a power of sale — conferred upon the executors for the purpose of carrying out the provisions of the will, and where the exercise of the power becomes necessary to carry out the intentions of the testator — is good.
It is apparent, that this testatrix intended not only to confer a power of sale, but that the exercise of such power would become absolutely necessary, to enable the executors to make the distribution required to the residuary legatees. The purposes of the testatrix, in this respect, are so clearly expressed, as to leave no reasonable doubt as to his wishes. The division into the shares provided, is to be made by the executors; and the distribution, which they are required to make in shares, is wholly incompatible with the idea that she intended her residuary estate should vest immediately and absolutely in the devisees, without a division; and it is no objection to the power in trust, in this case, taking effect as such, that it leaves the title *293 in the heirs, subject to the execution of this power. (Downing v. Marshall, 23 N.Y.R., 379 and 380.) It follows, from what we have already said, that the objection made by the appellant, that the title offered him in this case, is not good, because the power of sale, which these executors have executed in making this conveyance to him, is inconsistent with, and defeats the devise to these residuary legatees, is not tenable. The title is made by the statute, in such a case, to vest at once in the devisees, subject only to the execution of the power, for the purposes for which it was conferred. (1 R.S., 729, § 56; 4 Kent Com., 321, 322, 8th ed., 338, 339.)
The case, Quinn v. Skinner (49 Barb. R., 128), decided by the same court that pronounced the judgment in this case, decides nothing in conflict with the views above expressed. In that case, it expressly appears, that the power of sale was not given to enable the executors to carry out the provisions of the will in the payment of legacies.
The judgment, in this case, should be affirmed.
Concurrence Opinion
The only question presented by the appeal, in this case, is whether the defendant, under his contract of purchase, would acquire a good title in fee simple under the plaintiffs' deed, as executors of the last will and testament of Eliza B. Sommers, to the land bought by him, "free and clear of, and from all right, title, interest, claim and demand of the residuary devisees in said will mentioned." This objection to the acceptance of the deed, was placed "on the ground that the plaintiffs, as such executors, as aforesaid, had no power or authority to convey said premises in manner and form, as they had assumed to do, or otherwise, because the said premises had been devised in fee to parties named in said last will."
The testatrix, by the first item of the will, gave her husband a pecuniary legacy of $30,000 absolutely, and the use and possession of a dwelling-house and two lots of land in the city of New York, during the term of his natural life, and then declared that, "on his death, the said house and two lots of land, or the proceeds thereof, if sold, should form a *294 part of his residuary estate. She also gave her husband, during his lifetime, the use of the household furniture, contained in said dwelling-house; and, after giving several pecuniary legacies, amounting in the aggregate to a large amount, she gave, devised and bequeathed all the rest, residue and remainder of her estate, both real and personal, to different persons. She then nominated the plaintiffs executors, and concluded with the following provision: "And I do hereby give and grant unto my said executors, full power and authority to grant, bargain and sell my real estate, or any part thereof, for such price and on such terms, as they shall deem best, and to execute and deliver all necessary and proper deeds of conveyance to the purchaser thereof. It is, however, my will, and I do order and direct that the real estate herein given and devised to my said husband, during his lifetime, shall not be sold by my said executors without the written consent of my said husband; and in case of the sale thereof, with his consent, it is my will, that my said husband shall receive the interest of the proceeds of the sale thereof, during his lifetime."
The husband of the testatrix survived her, but died before the proof of her will.
It is stated in the case submitted to us, that she died seized in her own right in fee, amongst other real estate, amounting in the aggregate to upward of $50,000, of the lot or piece of land purchased by the defendant, but it does not appear whether she owned any except the dwelling-house, and two lots of land devised in and by the said first item, and as that was thereby only disposed of for life, the residuary devise in the clause is entirely consistent with the fact that she had no other; and it is evident that she by that item, contemplated a conversion thereof into personal estate, for the purpose of distribution of the proceeds under the residuary clause, and she expressly provides for that contingency, by declaring that the proceeds shall in that case form a part of her residuary estate.
There is, therefore, no ground for the assumption, as a *295 ground for objection to the title, that the pieces in question "had been devised in fee to parties named in said last will."
If, however, it be assumed that the property sold was other than that referred to in the first item, I am of opinion that the defendant would have acquired a good title thereto. It is the fair inference, from the direction as to the dwelling-house, and two lots connected therewith, and the general power of sale given to the executors of the will, that she intended to give them a discretionary power to sell the whole of her real estate, and convert the same into money to enable them to make a division of the proceeds with the personal estate among the distributees under the residuary clause. That, after the disposition of all the rest, residue, and remainder of her estate, both real and personal, directs it to be divided into five equal parts, treating it as an entire property. That clearly directs such division to be made by the executors, and the power of sale was given to them to carry out that object. There is no question as to the validity of such a provision.
I will only add, in relation to the case of Quinn v.Skinner (49 Barb., p. 128), relied on by the appellant as an authority for his objection to the title, that it does not sustain it. There were many facts in that case not in this, which controlled that decision; and if there are any general remarks in the opinion there given that give color to the appellant's claim, it appears that they were not intended to apply "where the object of the power had been worthy such a distribution, the protection of infants, or the like." That opinion was not concurred in by all of the judges, as appears by a reference to the case in 50 Barb., p. 4, in note of errata, and the two judges by whom the decision therein was made, joined in the judgment now under review. They, therefore, did not consider the questions the same; if they did, it would follow that they intended to overrule their former decision.
In any aspect of the case, I see no ground for the reversal of the judgment appealed from. It must therefore be affirmed with costs.
All the judges concurring, judgment affirmed. *296