Estate of Boyce

| Wis. | Mar 8, 1921

Siebecker, C. J.

The court allowed interest on the bequests made to Anna L. Boyce, Clara L. Hersey, and Ruth Boyce Hersey from the expiration of a year after the death of the testatrix. The court acted upon the generally recognized legal rule that a general legacy becomes due and payable at the end of the year following testator’s death, and that it bears interest from the time it is due. Will of Barrett, ante, p. 313, 181 N.W. 220" court="Wis." date_filed="1921-02-08" href="https://app.midpage.ai/document/wisconsin-trust-co-v-miley-8193297?utm_source=webapp" opinion_id="8193297">181 N. W. 220.

It is urged that no interest should have been allowed on these legacies because the contents of the will indicate an intention b]*- testatrix that the legacies should not be due until the property had been converted into cash by the executors as provided in the will. The will contains the following:

“I direct my executors to convert all my property into cash, or its equivalent, as soon as the same can be conveniently and advantageously done, and to dispose of the pro--ceeds as hereinafter provided, but after a sufficient amount of property shall have been so converted to pav the specific legacies hereinafter, provided for and said legacies have been paid, if the remaining property can be divided satisfactorily to all the parties entitled thereto, as hereinafter provided,” . . . or if the legatees could ágree in writing to hold it in the maimer specified, then “the said property may be set off to them in accordance with said agreement, in lieu of selling the same as hereinbefore directed.”

In view of the nature and kind of property she owned and her financial obligations, it is clear that th'e testatrix intended that- the legacies to her daughters and granddaughter should be paid out of the proceeds of the sale of her real estate. The provisions of the will and these surrounding circumstances are significant and decisive indications that she intended the legacies should not be due until sufficient property had been converted into cash, and such conversion was to be accomplished by the executors within such time as it could conveniently and advantageously be done. These provisions show that the executors were not to make the conversion until it was advantageous to the estate, and that they were not limited to a year or other fixed period of time. Under.these circumstances the executors had a reasonable time to effect the conversion. There is no showing that the conversion of the estate was unduly postponed, and the trial court so held. It appears that the cash to pay these legacies was not received until April, 1919, and the legacies were paid the following May. Under all the provisions of the will it must be held that the will shows an intention by the testatrix that the pecuniary legacies to her daughters and her granddaughter were not to be due until the property had been converted into cash and was available to pay them, and that the county court erred in allowing interest on such legacies.

Obviously the testatrix made a mistake in paragraph VII, quoted above, in designating the fractional parts of the residue, because the total of the bequests equals four thirds. The county court held that the testatrix intended to give to each of her daughters named one third, and to divide the remaining one third equally between her daughter-in-law and the séven grandchildren designated in this paragraph. The court in so construing this paragraph laid stress on the fact “that her two daughters were first in her affections and that she quite plainly intended to provide for them first to the extent of one third each, and then bestow the remaining ope third in equal shares upon the members of the class consisting of daughter-in-law and grandchildren, who were second in importance.” These considerations commend themselves to us as expressive of what the testatrix intended, as we gather it from the contents of the will and the relationship of the persons naturally entitled to her bounty. This conclusion is supported by the fact that she most natural^ observed and noticed the simple division she made of the residue into three parts, one of which she gave to each of her daughters, and divided the remaining one equally between the members of the second class, namely, her daughter-in-law and grandchildren. There is a much stronger probability that she committed the error in fractions in disposing of the one third in eight equal parts to the second class than that she committed the error in dividing the residue of the estate into three equal parts. Furthermore, if appellants’ claim is to be sustained, then every division made by the terms of this paragraph of the will would have to be changed; that is, the one third specified as bequests to each of her daughters would have to be changed to one fourth, and the second class, composed of daughter-in-law and seven grandchildren, would each receive one sixteenth of the residue, thus changing the designated portions to every legatee embraced in this paragraph of the will. We are persuaded that the county couft correctly construed the will and that it harmonizes with the views expressed in Will of Ehlers, 155 Wis. 46, 143 N. W. 1050.

By the Court. — The judgment appealed from is reversed, and the case remanded to the Dane county court with directions to enter judgment in conformity with this opinion.

Eschweiler, J., dissents.