| N.Y. Sur. Ct. | Mar 17, 1927
The last will and testament of the above-named decedent contains a residuary clause naming several beneficiaries described as brothers and sisters of the testator. This is followed by the following words within parentheses: “ (an equal share being given or set aside for and held in trust by my executors for the son and daughters of my brother Edward A. Bogan, deceased).”
The executors have applied to the court for a construction of this last provision.
In order to create an express trust in property certain elements are necessary.
1. There must be a designated beneficiary.
2. There must be a designated trustee who must not be a beneficiary.
3. There must be a fund or other property sufficiently identified to enable title thereto to pass to the trustee.
4. There must be the actual delivery of the property or a legal assignment thereof to the trustee with the intention of passing title to him as trustee. (Hodgman v. Cobb, 202 A.D. 259" court="N.Y. App. Div." date_filed="1922-07-06" href="https://app.midpage.ai/document/hodgman-v-cobb-5266037?utm_source=webapp" opinion_id="5266037">202 App. Div. 259; Brown v. Spohr, 180 N.Y. 201" court="NY" date_filed="1904-12-30" href="https://app.midpage.ai/document/brown-v--spohr-3584357?utm_source=webapp" opinion_id="3584357">180 N. Y. 201.)
In this instance there is no express gift to the executors and no directions for them to apply the income to the use of any one. (Snedeker v. Congdon, 41 A.D. 433" court="N.Y. App. Div." date_filed="1899-06-15" href="https://app.midpage.ai/document/snedeker-v-congdon-5186109?utm_source=webapp" opinion_id="5186109">41 App. Div. 433.)
It follows that the language used by the testator created no trust but an absolute gift.
I, therefore, hold and decide that the son and daughters of Edward A. Bogan, deceased, are entitled to the immediate possession of their respective shares of the property under this will.
Decreed accordingly.