188 Ky. 245 | Ky. Ct. App. | 1920
Opinion or the Court by
Affirming.
John Phillips was the father of several children. He died testate in 1911. Prior'to his death-he had, .through the execution of deeds and the payment of -money to his several children, disposed of the' major portion of his property. To his son, Hayes Phillips, he gave the home place, containing about 600 acres. ' In his will he confirms the prior disposition of his property and disposes of the balance of his estate.
Testator had been engaged'with his wife in the mercantile" business" until 'her" death" some "years 'before.
Two' provisions of the will are involved on this appeal as follows:
“I will and bequeath unto my son, Hayes Phillips, all my right and title in merchandise business including all stock'of merchandise on hand and debts and the personalty and stock of the home place.
“After paying in full the bequests herein above mentioned I desire and direct that the residue of my personal (estate) shall be divided equally among my heirs per stirpes but if any of my children contest this will his or her share shall be forfeited and inure to the benefit of the others.”
A controversy having arisen as to the meaning of the word “debts” in the clause first above mentioned the executor filed this suit, seeking a construction of the will and especially of this clause. It is contended by appellant that the word “debts” includes any accounts or . evidences of debt due his father’s estate, and therefore the Carter note belongs to him. The executor on the other hand contends .that “debts” refers only to transactions incident to the mercantile business, and since It is not shown the Carter note had any connection.whatever with that business it belongs to the estate and it was his duty, as executor, to collect same and to render a due account thereof, together with other personalty in his hands in. his final settlement. The lower court sustained the view of the executor and to reverse said judgment this appeal had been prosecuted.
The word “debts” in the connection in which it is used should perhaps be more properly treated as a debit, that is, as something owed by, not to testator or the business. But since both parties have treated it as a credit or an indebtedness due the estate we will deal with it accordingly.
The new Webster International Dictionary defines “debt” as. that which is due-from one person to another, whether money, goods or services.
Appellant had received a deed from his father of the home place, and it was testator’s manifest purpose in the clause of the will referred to,-to give to appellant the personalty and stock on the home place, also the mercantile or merchandise, business, including in the latter all accounts and evidences of debt due to or by the busi
The personalty referred to was that found on- the farm place, none other.
Appellant was not entitled to the Carter note, nor to its proceeds; same should be covered into the general estate and distributed by the executor as other undisposed of personalty in accordance with the provisions of the will.
Satisfied as we are that the chancellor correctly interpreted the will the judgment will be affirmed.