28 S.C. 317 | S.C. | 1888
The opinion of the court was delivered by
The questions raised by this appeal are as to the proper construction of the will of J. M. Hefley, deceased, a copy of which is set out in the “Case,” and should be incorporated in the report of this case.
In item 1 of the will testator devised to his wife, the defendant, Rebecca Hefley, the plantation on which he resided, with limitations over to her children. In item 2 he gives to his said wife, with like limitations over to her children, “all the horses, mules, cows, hogs, wagons, farming implements, household and kitchen furniture on said plantation.” In item 3 he gives to certain of his grandchildren one hundred dollars each. Item 4 is in these words : “To my daughter, Margaret Nunnery, I give and bequeath four hundred dollars, to- be invested by my executors in a homestead, the title to which is to be made to the said Margaret Nunnery and the heirs of her body.” In item 5 a similar provision is made for his daughter, Mary Simpson, in substantially the same language as that made for Margaret Nunnery in the 4th item.
In item 6 the testator directs his executors not to dispose of his stock in the National Bank of Chester and the Fishing Creek Manufacturing Company, but to hold the same and pay over the dividends arising therefrom to his wife, Rebecca, during her life or widowhood, and at her death or marriage divide said dividends among his children by his said wife, Rebecca. In the next item, which is also numbered 6, the executors are directed to dis
The testator having made no provision for the payment of his debts, doubtless supposed that he would leave none. It turns out, however, that such is not the case, and the controversy is as to what provision shall be made for the payment of the debts and legacies. The Circuit Judge held that items 1, 4, and 5 are devises of real estate, and as such are specific, and must therefore be provided for, after payment of the debts, before any provision can be made for any of the legacies, either general or specific. He also held that “the widow is entitled to receive the dividends on the stocks bequeathed in item 6 of said will, less so much thereof as may be required to pay interest accrued since death of testator. The remainder of the debts and expenses must be paid out of the corpus of the personal property bequeathed in items 2 and 6 of said will, and leave is hereby granted to plaintiff to sell so much of the same as may suffice to pay said debts and expenses and the costs of this case. Nothing is left to satisfy the legacies of item 3 and of the second item 6.”
From this judgment Rebecca Hefley and her children appeal upon the several grounds set out in the record, which raise, substantially, the following questions: 1st. Whether items 4 and 5, which stand precisely on the same footing, are specific devises of real estate, and as such entitled to priority over specific legacies. 2nd. Whether item 2 is a specific legacy. 3rd. Whether item 6 is a specific legacy. 4th. Whether the second item numbered 6, is a specific legacy.
There can be no doubt that the rule originally was that all devises of real estate are specific, and this, as stated by Mr. Jarman in his valuable work on wills, at page *587, and again at page *595, of his 1st vol., was because, prior to the statute of 1 Vict. (1838), very much like our act of 1858 (12 Stat., 700), after acquired real estate did not pass under a will. Now,
The ground upon which it is contended that these items are devises of real estate, is that Courts of Equity regard that as done which ought to be done, and therefore where land is directed by a will to be sold and converted into money, these courts will regard the land, even before an actual sale, as personalty, and upon the same principle where money is directed to be invested in land the provision will be regarded as a devise rather than as a bequest. But while this' is a general principle upon which Courts of Equity act, it is not universally true. That is to say, that where money is directed to be laid out in land it will not, for all purposes, be regarded as land. In Hinton v. Pinke (1 P. Wms., 539), a money legacy was given to be laid out in land, and upon a deficiency of assets it was held that this legacy should be regarded as land, only for the amount which should remain after it had contribütedrits proportion towards making up the deficiency in the assets. The Lord Chancellor said : “I agree this £1,500 legacy shall be taken as land, but what the legacy is, or how much is to be laid out in land, is the question” ; and it was held that the legacy must abate.
There is a very good reason for this. The whole personal property of the testator, which is the primary fund for the payment of debts, devolves upon the executor, and he is responsible to the creditors for the satisfaction of their demands, to the extent of the entire personal estate, “without regard to the testator’s having by the will directed that a portion of it shall be applied to other purposes.” 2 Wms. Exrs., *982. From this follows the rule that the assent of the executor, which is presumptive evidence of
It seems to us, therefore, that where, as in the present case, a pecuniary legacy is given, and the same is directed to be laid out in land, while, for some purposes, such a testamentary provision may be regarded as a devise of real estate, yet it cannot be so regarded for all purposes, and that the assent of the executor is necessary to perfect the title of the legatee; and that until such assent, the legacy constitutes a part of the personal assets of the testator, and as such must be applied, as the other personal estate, to the payment of debts.
It- will be observed, too, that in these items, 4 and 5, the thing given is a specified sum of money, and the executors are charged with a trust to invest such money in land. The testator does not direct his executors to purchase a certain piece of land, and give that land to the legatee, but he gives a specified sum of money, to be invested in land. Until the executors had made provision for the payment of all of the debts, they would have no authority to divert any of the fund in their hands for that purpose — the personal estate — even though the testator may have “directed that a portion of it shall bo applied to other purposes.” It seems to us, therefore, that the Circuit Judge erred in holding that items 4 and 5 should, in this case, be regarded as devises of real estate.
2nd. In 2 Fonbl. Eq., 376-7, it is said, upon the authority of Sayer v. Sayer, 2 Vern., 688 : “Where one devises to his wife all of personal estate at W., this is a specific legacy, and is as if he had enumerated all the particulars there.” So in 2 Wms. Fxrs., *849, after a statement that a “bequest of all a man’s per
Under these authorities, we hold that the bequest in the second item of the will must be regarded as specific. The things falling within the terms of this bequest are in their nature specific, and susceptible of being enumerated and specifically designated. It is a bequest of personal property on a particular estate, and, as such, capable of being singled out and specifically delivered.
Our next inquiry is as to the character of the bequest in item 6. It will be observed that the stocks therein referred to are not directly and expressly disposed of, or given to any one, but only the dividends thereon. There can be no doubt, under the authorities above cited, that if these stocks, and not merely the dividends
The next question is whether the bequest mentioned in the second item numbered 6 can be regarded as specific. We see nothing in the terms of this item, or in the character of the property there disposed of, which would invest it with the character of a specific bequest. It is couched in the most general terms, and the property referred to is not specifically designated.
Item 1 is clearly a specific devise of real estate, and cannot, therefore, be abated until, first, the general legacies and then the specific legacies are exhausted. Warley v. Warley, supra. It was argued, on behalf of appellants, that there is no priority as betwmen specific devises and specific legacies, but that when abatement becomes necessary, they must abate pro rata. While, under the view which we take, this may not become a question of any interest to the appellants, yet, to avoid misconception, we desire to say that we do not concur in that proposition. The rule is otherwise. See Hull v. Hull, 3 Rich. Eq., 65, recognized in Farmer v. Spell, 11 Rich. Eq., at page 549.
The judgment of this court is, that the judgment of the Circuit Court be modified in accordance with the views herein announced, and that the case be remanded to that court for such further proceedings as may be necessary.