Gay v. Birmingham, Montgomery & Gulf Power Co.
Gay v. Birmingham, Montgomery & Gulf Power Co.
Opinion of the Court
The will of B. S. Smith, deceased, which will he set out by the reporter, contained the following quoted privisions: “I do hereby bequeath unto my beloved wife, Elizabeth Smith, all of my property, both real and personal, of every nature which I now or may have at my death, after having paid all of my just debts, to have during her life then to be equally divided between my children and that she is hereby empowered to sell, or dispose of any part or species of my property either' publicly or privately, without any order from court, that she may at any time think wise and prudent to do so, but the proceeds of said sale must be the property of my children at or after her death.”
We think that it was the manifest purpose of the testator to provide for the payment of his debts out of his estate, and that his wife, the executrix, was not only given full power to do so, but was, in effect, required to do so, and that she was’ given the power to sell or dispose of any “part or species” of his property in order to settle same. It may be true that, after giving his wife the power to sell or dispose of his property, it was provided that the proceeds of the sale should remain the property of his children after the death of his wife; yet it is evident that the testator hád in mind only the proceeds from property sold which came into the hands of his wife after the payment of his debts. To hold that the wife could not sell or dispose of any property for the payment of debts, and that she could only do so from proceeds which she should hold in trust for the remaindermen, would in effect preclude her from selling cotton or any other personal property for the purpose of paying the debts of the estate. If the power to sell or dispose' of the property is confined to á sale only for proceeds which must be held in trust for the children,
As to whether the statute does- or does not require the exhaustion of the personal property before the lands can be sold for the payment of debts matters not, as we are not dealing with the statute which has no application to sales authorized by the will; and, as above stated, we think that the will in question, when considered with a view of arriving at the real intent of
This holding is not in conflict with the recent case of Nabors v. Woolsey, 174 Ala. 289, 56 South. 533. There the donee of the life estate was given the power to sell the land solely for reinvestment, and the bill charged that she breached the trust by selling it in payment of her husband’s debts. Mrs. Nabors got the property under the will of her father, and did not, of course, sell it for reinvestment when she conveyed it to Woolsey in payment of a debt of her husband. Here the will gave the wife the general power to sell and dispose of the property, “any part or species,” whenever she deemed it wise and prudent to do so, and did
Counsel for the appellant lays great stress upon the case of Russell v. Russell, 36 N. Y. 581, 93 Am. Dec. 540, as forbidding the sale for the payment of the debts of the testator. This case does hold that the executrix and life tenant did not, under the power there given, have the right to convey the land to one of the legatees in payment of a debt due him by the testator, but the entire will is not set out in the report, and it may be that it expressly required the payment of the debts out of the personal property. Here the testator made no provision for the payment of the debts with the personal property, merely required that the same be paid, and gave the wife the general'power to sell or dispose of all parts or species of his property, and which, we think, gave her the power to sell the land in payment of the debts, if she deemed it wise and proper to do' so. On the other hand, if there was no such direction as we suggest in the Russell will, and it did not direct the payment of the debts out of the personal property, but was identical with the one in hand, we would not be inclined to adopt the majority holding in said case, as it places too narrow a construction upon the power to sell, in view of the fact that the debts had to be paid
In tbe case of Stocker v. Foster, 178 Mass. 591, 60 N. E. 407, the property left to tbe life tenant was authorized to be sold by him whenever be deemed it conducive to bis comfort. He did not sell tbe property in order to use tbe proceeds for bis support and comfort, but gave it to tbe mother of bis second wife in order that it would go to bis children by a second marriage, and tbe court properly held that such a performance was an abuse of tbe power and could not defeat tbe remaindermen.
Tbe case of Woodward v. Jewell, 140 U. S. 247, 11 Sup. Ct. 784, 35 L. Ed. 478, is not in point, and has little or no bearing upon tbe question under Consideration.
Tbe decree of tbe chancery court is affirmed.
Affirmed.
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