159 Misc. 822 | N.Y. Sur. Ct. | 1936
The contention that the decedent left no property, other than the sum of $189.38 paid by his committee to the accounting administrator, is untenable.
He was a pecuniary legatee under a will probated prior to his death. Some months after the issuance of letters herein, the administrator received the unpaid balance of the decedent’s legacy, as abated. He is now accounting for cash assets in excess of the money paid the decedent from January 1, 1931, to November 1, 1934, inclusive, as and for old age relief under article XIV-A of the Public Welfare Law.
A testamentary bequest gives the legatee thereof a chose in action (Dec. Est. Law, § 146) and a chose in action is personal property (Gen. Constr. Law, § 39; Surr. Ct. Act, § 202, subd. 8; § 314, subd. 12). The right to a legacy becomes vested upon the probate of the will in which it is bequeathed, although no proceeding or action therefor may be instituted for various periods of months after the issuance of letters testamentary. (Surr. Ct. Act, § 217; Dec. Est. Law, § 146.) Like any other chose in action, it is intangible and may have little or no practical value. Its face value may be decreased or extinguished by a deficiency in the testator’s estate or by statutory provisions for its application to other purposes. Nevertheless it remains the subject of ownership, transfer and levy, and is property (Civ. Prac. Act, § 916). The fact that the decedent was an incompetent at the time of his death and had no actual control of his assets is immaterial.
The claim of the commissioner of public welfare of the city of New York is a valid debt of the decedent and is allowed as a general claim against his estate in the amount claimed.
Settle decree.