The parties hereto entered into a contract, the plaintiff to sell and the defendant to purchase- certain real property which was part of the'residuary estate' of the plaintiff’s testator. At'the time pro
After certain specific bequests, the testator, by the 5th paragraph in his will provided : “Fifth: I do hereby give, devise and bequeath all the rest, residue and remainder of my estates, real "and personal, of whatsoever nature and description and wheresoever situated, unto my beloved wife, Hannah Maria Dickinson, and my son-in-law, Henry Russell Kent, both of the City of Brooklyn, to have and to hold the same, In Trust, however, for the following uses and purposes, namely: * * * III To take possession of my real estate and manage the same, rent and lease the same, collect and receive the rents thereof, pay insurance, taxes, assessments, and all charges pertaining thereto ; and also with full power and authority to sell said real estate, or any part thereof, at such pricé and upon such terms as they may deem best, and to make, execute, acknowledge and deliver all deed or deeds necessary and proper for' the conveyance thereof, to the purchaser or purchasers thereof. Hpon the sale of said real estate or any part thereof to invest the proceeds thereof in the manner hereinbefore provided for the investment of my personal estate. IY. After the payment of all taxes, assess.ments and all other charges and expenses upon my real and personal estate, to pay the net income, then remaining as follows, viz.: To my daughter Sophia Elizabeth Schnippe, now living in Brooklyn, during her natural life, the sum of Two Hundred and Fifty Dollars, the same to be paid to her as follows, One hundred and twenty-five Dollars half yearly ; such annuity to commence at the time of my decease. To my sister Eliza Jane Dickinson, now residing with me, for and during her natural life, the sum of Two hundred and fifty Dollars. - The same to be paid to her as follows, One hundred and twenty-five Dollars half yearly. Such annuity to commence at the time of my decease. All the rest, residue and remainder of said
The 6tli paragraph of the will provided for two specific bequests to certain granddaughters of the testator upon the death of his wife. The 7th paragraph authorizes his wife to distribute liouse- . hold effects, fixtures and jewelry, which should not be considered part of the residuum of the estate.
The Sth'paragraph provided as follows: Upon the death of my said wife I do give, devise and bequeath all the rest, residue and remainder of my said estates, and the proceeds of such parts thereof as may have been sold by my said Trustees under this my Will, and all investments thereof unto my brother-in-law Oscar B. Jannin and my son-in-law Henry Bussell Kent, to have and to hold the same in trust, however, .for the following uses and purposes, namely: To invest sufficient thereof to pay the annuities hereinbefore given to' my said sister and daughter, and to hold such investments for and during the lives respectively of my said sister and daughter, and upon their death to convert said securities into money and to divide and distribute the same equally to and between my children. Should either of said children die leaving issue, then such issue to take the parent’s share, otherwise the survivors of said children to take such share. To set over, assign, convey and distribute as soon after the decease of my said wife as possible, all the rest, residue and remainder of my said estates, real and personal, and of the proceeds and investments thereof (not invested as aforesaid for the payment of said annuities to my said sister and daughter) equally to and between my said children.”
The plaintiff claims that the whole context of the will, and particularly the devise and authority contained in paragraphs “ Fifth ” and “ Eighth ” thereof, gives and vests in said executor and trustee full power to convey to defendant the premises mentioned and ■ described in the contract.
The defendant contends that upon the death of Hannah Maria Dickinson, the widow of John Dickinson, deceased, the devise and power contained in paragraph “ Fifth ” of the will, in so far as it
The account of the executor has been judicially settled, and from that settlement it appeal’s that he has received sufficient personal property from which the legacies could be paid, and also that there is sufficient personal property remaining in his hands after payment of such legacies to provide a fund, the income of which will pay the annuities provided for in the will. The testator appointed his wife, Oscar B. Jannin and Henry Bussell Kent to be the executors of his will. Jannin failed to qualify, but the testator’s wife and Kent qualified and served as executors and trustees. The testator died in December, 1897, and his wife died February 20, 1903. Since that time this plaintiff has been acting as sole executor and trustee under the last will and testament of John Dickinson, deceased.
We have reached the conclusion that defendant should have judgment upon this submission. From a study of the whole Avill, and especially from a comparison of the provisions in the “ Fifth ” and “ Eighth ” paragraphs thereof, as to the proposed disposition of his estate, we believe that the intention of the testator is, Avith a reasonable degree of certainty,, apparent; his scheme was that so long as his Avife lived she and Kent should hold the residuum of the estate in trust, and out of the net income pay the annuity of $250 each to the testator’s daughter Sophia and sister Eliza, the balance to be paid to the wife during the term of her natural life, subject to the payment therefrom of such moneys as she might deem necessary for the support and education of his children ; and as an incident to this trust, the trustees, his wife and Kent, were to have the power in trust to sell any part of the real estate at such price and upon such terms as they deemed best, and to invest the proceéds. By the full, and complete mandates of the “ Eighth ” paragraph of the will, and by the directions therein contained in respect to the same beneficiaries, it seems to us apparent that it Avas the testator’s intention that upon the death of his Avife the disposition of this same residuum
Our conclusion,, therefore, is that the plaintiff does not possess the power he assumed to exercise in transferring the property described in the agreement between the parties, and judgment should enter accordingly. . •
Rich and Miller, JJ., concurred; G-aynor, J., concurred in separate memorandum; Jenks, J., dissented.