37 N.Y.S. 233 | N.Y. App. Div. | 1896
The facts are agreed upon, and the case presents only questions of ".law for solution.
The plaintiffs are the executors of the will of Stephen Taber, -deceased. Claiming to act under the will, they exposed for sale, at public auction, certain real estate devised by the testator, which was purchased by defendant at such sale, but who thereafter refused to complete the purchase, on the ground that the plaintiffs had no power to make the sale, and no authority to convey a good title to the land. "Thereupon this action was brought to compel a performance of the •contract of purchase, and defendant put in issue, by answer, the -power of the plaintiffs to sell the land and convey a good title.
The will, which must be the subject of construction, is quite plain in its several parts, and the real question is whether the power of sale contained in its sixth clause survived the execution of the power created by the fourth clause.
The testator, after providing for the payments of his debts and -funeral expenses, divided his entire -estate among his four children •and his widow, share and share alike, the widow’s share to be in lieu -of' dower. Each beneficiary named is vested with an estate in fee -simple absolute of the property, except the testator’s son, William, whose interest is provided for in the fourth clause. William’s share, by this clause, is vested in the executors to be held by them in trust -for his benefit. By the fifth clause power is conferred upon the • executors in their discretion to convert the said trust estate into a fee simple in William, and thus place all the beneficiaries upon an •equality. The sixth clause vests in the executors a general power to ;sell and convey at public or private sale the whole or any part of the .real estate, whenever it may be deemed advisable or necessary either
Prior to the sale of the property which is the subject of this action, the executors, in pursuance of the power contained in the fifth clause, conveyed to William, by deed, bis fifth interest in fee simple absolute, and the widow elected to take the devise above referred to in lieu of dower. The estate remains unsettled, and the executors still act. It is now objected that the power of sale was without vitality after the conveyance by the executors of William Taber’s fifth interest. That, when this event happened, the whole of the.estate was vested in the widow and children absolutely in fee simple, and the trust ended ; that, as the power of sale was not necessary thereafter to carry out the intention of the testator, it becomes repugnant to the ownership in fee and cannot be upheld as a valid subsisting power.
It is not an unusual feature in testamentary disposition to devise a fee, and subsequently vest a power of sale in the executors of the instrument. Such power of sale is not necessarily repugnant to the devise in fee,, and the courts have found little difficulty in sustaining it, holding that the estate vests in the devisees subject to the execution of the power. (Crittenden v. Fairchild, 41 N. Y. 289; Kinnier v. Rogers, 42 id. 531; Drake v. Paige, 127 id. 569.)
In the present case the power relating to the estate of William is separate and independent from the general power under which the sale was made, and, while it is true that the trust estate created by the will was at an end when the deed to William was delivered, it does not follow that there existed no necessity for continuing in existence the general power of sale. The power in trust evinced a distinct purpose to guard the estate of William from waste, which his unreliable habits might produce. The general power applied to the entire estate in order that its proper distribution might be facilitated. The courts have recognized that such a power may be upheld for that purpose. In Cussack v. Tweedy (126 N. Y. 81) there were separate trusts for four children, coupled with a power of sale. By the death
In the discussion the court upheld the power, upon the ground, among others, that it would facilitate the ultimate division without the expense and delay of a partition; and cites with approval the phrase of an English case, that “ the power is unlimited and overrides the whole estate.” While the facts of that case are different from the case at bar, yet the reason assigned, i. e., facilitating the division and distribution of the estate, is applicable to the conditions here existing, while the power is as broad as the one there under discussion, or the one referred to in the English case.
In Mellen v. Banning (72 Hun, 176) the court concluded that the only purpose for which the power could exist was to divide the estate among those entitled thereto, and it assumed, without deciding, the proposition; that such a power was not repugnant to a. devise in fee. If this were all, the suggestion contained in that case would discredit the continued existence of a power for such purpose.
But in Mellen v. Mellen (139 N. Y. 210), where the same power was under consideration, Andrews, Gh. J., said: “ But there can be no doubt of the validity of the power of sale. There is no repugnancy between a devise in fee and a subsequent power of sale given to the executor for the benefit of the devisees. This is a common incident of testamentary dispositions. The title to the lands vested in the widow and children of Abner Mellen under the devise, and was a fee subject to the power of sale given to the executor. In case of a sale under the power the title of the devisees in the land would be divested and an interest in the proceeds substituted.” (M'Cready v. Metropolitan Life Ins. Co., 83 Hun, 526.)
The exercise of the power is liable to be defeated whenever the devisees unite and elect to take the land in its unconverted form. (McDonald v. O'Hara, 144 N. Y. 566.)
Ho such question arises upon the record in this case, as it is not. claimed that there has been a concurrence of all the beneficiaries to work such a result.
The judgment appealed from should, therefore, he affirmed, with costs.
All concurred, except Cullen, J., not sitting.
Judgment affirmed, with costs.