In my former opinion in the above-entitled matter (Matter of Daggett, 128 Misc. 588) the court directed that any party may apply for direction with regard to the force or effect of the assignments referred to, as to the income accruing from said trust estate since August 24, 1926, and its payment. The Guarantee Trust Company, as substituted trustee, has applied for instructions as to the disposition of such income.
Briefly, the facts are that the decedent bequeathed his entire estate in trust to invest and pay the net income to his wife, with remainder to the issue of the marriage, if any; and upon the death of his wife without issue, he directed the trustees to divide the estate equally between his brother Harry and his sister Ida. The will also provided that, if the wife should remarry, the trustee should pay to the wife from her remarriage, one-third only of the net income so long as she shall live, and one-third thereof to the brother Harry, and one-third to the sister Ida, “ so long as my wife shall live.”
Ida died in 1917 leaving a will by which she gave her estate to Harry and to a half-brother Stanley.
In April, 1926, Harry and Stanley sold their interest to John F. Makley, their interest being described in the assignment as follows: “ All the right, title and interest of every nature and description which I now have, or may hereafter acquire, or become vested with, in the trust provided by and set up pursuant to the last will and testament of Joseph Mory Daggett, deceased.”
In June, 1926, Makley died. On August 24, 1926, the widow remarried and is now Florence M. D. Anderson.
The validity of the assignments to Makley have been sustained by this court. (Matter of Daggett, supra.) The questions now presented by the substituted trustee are whether the assignments *637purport to cover the income accruing since August 24, 1926, and the effect thereof as to such income.
The language of the assignments leaves no doubt but what it was intended to convey the corpus as well as the income, and the plain intent was that Harry and Stanley should have no further interest in the estate.
As to Harry’s interest in the income arising under testator’s will:
Section 15 of the Personal Property Law (as amd. by Laws of 1911, chap. 327) provides: “ The right of the beneficiary to enforce the performance of a trust to receive the income of personal property, and to apply it to the use of any person, cannot be transferred by assignment or otherwise. But the right and interest of the beneficiary of any other trust in personal property may be transferred.”
Thus, the statute makes the income of such trust inalienable by the beneficiaries. It is contended by counsel for the Makley executors that at the time of the assignments Harry was not entitled to receive any income, and it is possible that he never would be entitled to receive any; and that he was not even a beneficiary of the trust, nor had any right to enforce performance thereof; and to apply section 15 to the assignment would be an unwarranted extension of the statutes to a situation it was never designed to cover.
The court cannot agree with this contention, believing it strained and too narrow, such construction thwarting the reasons for the enactment of the legislation. Harry, at the time of the assignment, was such a person who could come into court to protect the corpus of the estate from depletion, and he did so in a proceeding in this court brought to compel the trustee to restore to principal certain extraordinary dividends which had been allocated to income. (Matter of Daggett, accounting decree, dated December 23, 1922.)
The inhibition of the statute is confined to trysts specifically designated. (Matter of Bloodgood, 184 App. Div. 798.) As the statute is in derogation of the common law, except as limited, beneficiaries can assign their income. (First National Bank v. National Broadway Bank, 156 N. Y. 459.)
I hold that section 15 of the Personal Property Law is applicable. The income from such a trust cannot be alienated. (Matter of Flint, 118 Misc. 354.) Income from such a trust can only be reached in equity, or by execution. (Brearley School v. Ward, 201 N. Y. 358; Judis v. Martin, 218 App. Div. 402, 406; Hamilton v. Drogo, 241 N. Y. 401; Matter of Ungrich, 201 id. 415; Central Trust Co. v. Gaffney, 157 App. Div. 501; 215 N. Y. 740; Heise v. Wells, 211 id. 1; Matter of Bendit, 214 App. Div. 446; Matter of Wentworth, 230 N. Y. 176.) The income of the trust due Harry subsequent to *638August 24, 1926, should be paid to him, also the future income of the trust to the extent of one-third interest therein acquired through the will of the testator.
As to Ida’s one-third share in the income:
Ida had died in 1917 leaving a will which gave her estate to Harry and the half-brother Stanley, share and share alike. The testator’s will did not give the income over after the death of Harry, or Ida, in the lifetime of the widow. It remained undisposed of. (Meldon v. Devlin, 31 App. Div. 146; affd., 167 N. Y. 573.) The income did not pass to Ida’s estate for there is no express provision in testator’s will so providing. (Dana v. Seibert, 105 Misc. 67, 70, and cases cited.) Consequently, in my opinion, as Ida’s income was not disposed of by the will, Ida having died before the remarriage of the widow, the income is payable to the person presumptively entitled to the next eventual estate. (Real Prop. Law, § 63, as amd. by Laws of 1916, chap. 364.) At the time of the remarriage Harry and Stanley answered to that description. The Makley interest at the present time alone answers that description.
In Manice v. Manice (43 N. Y. 303) the expression “ next eventual estate ” was defined to mean the estate which “ is to take effect upon the event which terminates the accumulation.” In the instant case the persons who take under the Makley will are the persons presumptively entitled to the next eventual estate during the period in question, that is, when the income accrued (Matter of Kohler, 231 N. Y. 353, 376), even though the remainder might have ultimately gone elsewhere. (Meldon v. Devlin, supra; Matter of Glass, 126 Misc. 728; affd., 215 App. Div. 710.) The case of United States Trust Company v. Soher (178 N. Y. 442) is not applicable to the facts of the instant case. Neither is West v. Burke (219 N. Y. 7) in point.
The assignment by Harry and Stanley as takers under the will of the sister Ida was not subject to section 15 of the Personal Property Law, because Ida’s share of the income did not pass under the will of the testator after her death. She could not devise or bequeath" it by will, and Harry and Stanley did not become entitled to her one-third by virtue of her will. At her death there - was no beneficiary of testator’s will to “ enforce the performance of a trust to receive the income.” No one designated by the testator had a right to it. It passed by operation of law to the persons presumptively entitled to take'the next eventual estate. Harry and Stanley became entitled to it, not as legatees under Ida’s will, but “ as the persons presumptively entitled to the next eventual .estate ” under section 63 of the Real Property Law, *639which is made applicable to personal property by section 11 of the Personal Property Law. (Matter of Harteau, 204 N. Y. 292; Ransom v. Ransom, 70 Misc. 30, 35, 36.)
By reason of the assignment from Harry and Stanley, John F. Makley became entitled to receive the one-third part of the income bequeathed under testator’s will to Ida.
Submit decision and decree upon notice to counsel.