Case Name: SHERMAN v. KIRSHMAN et al.
Court: United States District Court for the Southern District of New York
Jurisdiction: United States
Decision Date: 1966-10-28
Citations: 261 F. Supp. 858
Docket Number: No. 63 Civ. 461
Parties: SHERMAN v. KIRSHMAN et al.
Judges: 
Reporter: Federal Supplement
Volume: 261
Pages: 858–858

Head Matter:
SHERMAN v. KIRSHMAN et al.
No. 63 Civ. 461.
United States District Court S. D. New York.
Oct. 28, 1966.
Eisman, Lee, Corn, Sheftel & Bloch, New York City, for plaintiff.
Max Goldstone, New York City, for defendant.

Opinion:
COOPER, District Judge.
Pursuant to Rule 69, F.R.Civ.P., plaintiff moves to satisfy a judgment by executing on defendant's remainder interest in a trust. Motion granted.
New York Civil Practice Law •and Rules, Sec. 5205(d) precludes a creditor from reaching and disrupting trust assets in order to satisfy a judgment of record. However, this does not prevent a judgment creditor from seizing the beneficiary's remainder interest under the trust. See Bergmann v. Lord, 194 N.Y. 70, 86 N.E. 828 (1908); Matter of Owen's Estate, 44 Misc.2d 842, 254 N.Y.S.2d 974 (1964); Carolan v. U. S. Trust Co., June 29, 1966 N.Y.L.J., p. 9 col. 6-7 (Sup.Ct.1966); 2 Scott, Trusts, 1966 Supplement, sec. 155, pp. 40-41.
Respondent trustee is directed to execute and deliver to plaintiff a recordable instrument wherein acknowledgment is made of the seizure and assigning defendant's remainder interest under the trust to plaintiff.
Settle order on notice.