[Download] "Robert W. Upton v. D. Waldo White & A" by Court of Appeals of New York # Book PDF Kindle ePub Free
eBook details
- Title: Robert W. Upton v. D. Waldo White & A
- Author : Court of Appeals of New York
- Release Date : January 04, 1942
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
I. The will is construed to provide for the conversion of the trust property into cash upon the life beneficiarys death. The requirement for the trustee to "pay over any property" then held in the trust imports such conversion of the property by him before its distribution. This construction is strengthened by the unitary character of the property the testator left, preventing its economic division in proportionate parts among the remaindermen. To give "equal portions" of the property at the sons death among four persons with the unitary character of the property unchanged, contemplates conversion, and a tenancy in common among them is not, within the contemplation of the will, a distribution in the form of payment.
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