18 Mills Surr. 283 | N.Y. Sur. Ct. | 1917
The will contains a gift to a son of $6,000, with a demonstrated source of payment, and with the following
A like gift is made to a granddaughter, as to which it is provided that the “ principal and interest shall be payable to her when she reaches the age of eighteen years.”
Each of these legatees is given one-third of the residue of the testator’s estate, with the direction that “such one-third share of the principal and interest shall be payable ” to the son “ when he reaches the age of twenty-five years ” and the other one-third shall be payable to the granddaughter “ when she reaches the age of twenty-five years.” '
The will then attempts the appointment of two persons named “ to be guardians of the property of my son and my granddaughter hereinbefore mentioned until they shall reach the respective ages,” and in a separate paragraph the same persons are appointed executors of the will.
Doubtless, the appointment of guardians of the son is valid as to the interest which the son derives from the will, but, of course, is effectual only during the son’s minority. ¡Neither as to the son beyond his minority, nor as to the granddaughter for any period, is the attempted appointment of any effect to produce a true testamentary guardianship; but there is still the gift of a power over the legacies of both the son and the granddaughter, which power is measured and defined by the duties ordinarily incident to a testamentary guardianship. (Matter of Kellogg, 187 N. Y. 355; Matter of Scoville, 72 Misc. Rep. 310; Matter of Poock, N. Y. L. J., June 2, 1915.
During the minority of the son it is apparent that his testamentary guardians are entitled to receive the semi-annual payments of interest upon the legacy of $6,000, as well as the personal chattels which are bequeathed to bim
In all other respects the persons indicated as guardians have only a power in trust to care for any and all moneys or property which by the terms of the will shall become payable to the
Questions of construction remain which are not necessary to the formation of the decree in this accounting. It will suffice if the direction be that the executors pay to themselves as guardians, upon proper security, the income of the $6,000 legacy during the minority of the son, and deliver to themselves the bequeathed chattels; that they hold as executors the sums bequeathed to the son and granddaughter until under the terms of the will payment of such sums, or any part thereof, shall become due, and that upon such event any party may apply upon the foot of this decree for further direction.
Decreed accordingly.