Court Opinion

ID: 6133561
Source: CourtListenerOpinion
Date Created: 2022-02-04 21:29:53.985789+00
Date Added: 2024-06-11T08:54:24.187440
License: Public Domain

Brady P. J.:
It will have been perceived that after the direction to pay the-debts and funeral expenses, the testatrix gives all her estate to her daughter, the petitioner, of whatever kind or nature, to be used and enjoyed by her during her natural life, and immediately after *506her death she gives the same unto the children of her daughter, or such of them as may be living at that time, and to the legal representatives of those that are dead, and in the event of her daughter dying without leaving descendants, then she gives her estate to her collateral relatives forever. And this is followed by a distinct and separate clause appointing Dr. Welcome W. Sprague her executor, and authorizing him to sell her real estate at any time, at either public or private sale, and to give good and sufficient deeds to the purchaser or purchasers thereof. There is no special fund or property from which the debts are to be paid and satisfied. It must be presumed that the personal estate is, therefore, primarily applicable thereto, and consequently that the devise of the estate being in general terms, without any declaration or statement that the real estate is given after, or subject to, the payment of the debts or any part thereof, there is no ground for the inference that the testator intended to appropriate it to such purpose. It follows that such payment and satisfaction could only be made out of the personal estate, and that the testatrix, in giving the power to make the sale of the real estate, could not have intended its exercise for ■such object. (Kinnier v. Rogers, 42 N. Y., 534.)
The absolute power of disposition, as said in the case just cited, is given to the executors, and if no other person has any interest in its execution, and it be construed as unaccompanied by any trust, it is an absolute power in them and they take an absolute fee. The power is general, since it authorizes the grantee to convey the property to any alienee whatever. But it is neither imperative nor beneficial, since its exercise is left altogether to the discretion of the grantee. The interest which the heirs in remainder took in the described estate did not at all depend upon the execution of the power, and they, therefore, had no interest in having it executed, their only concern in the subject relating to its wise exercise whenever the donee should, in his discretion, choose to avail himself of the authority conferred. And as no duty is imposed by the will upon' the grantee to execute the power, so no authority is conferred upon the courts to compel its execution, and the subject of a sale is left to the sole discretion of the donee. It would seem, therefore, that the power was simply one of trust, to be exercised only when, in the judgment of its donee, the prudent and proper management *507■of tbe property required its exchange into some safer or more remunerative investment. And the exercise of the power was intended for the benefit of the owners of the ultimate estate, as well as for that of the life tenant, and could be exercised or omitted at the mere discretion of the donee. The terms of the power confer its exercise upon the donee alone, and being a trust to sell real estate it was purely a discretionary power, whose execution could not be delegated to another, or restrained or enforced upon the application of any of the parties. (Coleman v. Beach, 97 N. Y., 545.)
The principles enunciated in these two cases seem to dispose of the question presented for our consideration and adjudication, and the contention, therefore, of the respondents that the power given by the will was a mere naked one and purely discretionary, and which could be performed by no fcther person, was well taken.
The respective counsel have not presented any views as to the effect of chapter 185 of the Laws of 1882, in reference to the appointment of a trustee, and which provides that upon the death of a surviving trustee of an express trust the trust estate shall not descend to his next of kin or personal representatives, but the trust, if unexecuted, shall vest in the Supreme Court, with all the powers and duties of the original trustee; and, it is supposed, for the reason that there was not an express trust conferred by the will of Mrs. O’Grrady, although some of the provisions of the statute in relation to trusts were made applicable to certain powers. If it could be regarded as an express trust in any aspect in which it might be considered, then it would be the duty of the court to make the appointment asked, for the reason as declared In the Matter of the Petition of Waring, etc. (99 N. Y., 114), that such appointment must be made, and without reference to any question involving the rights and interests of the various parties as they are affected by the validity, extent and character of the trust, or the right or possession of the property alleged to be covered by it.
For these reasons it is thought the order appealed from should be affirmed.
DaNiels, J., concurred.
Order affirmed.