Troy v. Troy
Troy v. Troy
Opinion of the Court
The will gives an estate to Mrs. Troy for her life, with a remainder in fee to the infant son, subject to a power of .sale by her in respect to all and every part of the property, in the event that, in her judgment, it should be necessary. This is a power appurtenant to her life estate; and the estate which, may be created by its exercise will'take effect'out, of the life estate given to her, as well as out of the remain ler.
A power of this description is construed more favorably than a naked power given to a stranger, or a power ap-pendant, because, as its exercise .will be in derogation of the estate of the person to whom it is given, it is less'apt to be resorted to injudiciously than one*given to a stranger, or one which does not affect the estate of the person to whom it is given,
The exercise of the power will vest in the purchaser an estate in fee simple, and' he will not be bound to see to the application of the purchase money. That will constitute a fund to be held by Mrs. Troy, in. trust for the payment of the debts of her husband ; and in trust for the support of herself and the support and education of the infant child. And in such payt as may not be required for these purposes, ‘she will take a life estate with remainder in fee to the child. Like all other trustees, she will be subject to the control- of a Court of Equity, in res
There will be a decree declaring the rights of the parties. The costs will be paid by the plaintiff, Mary Troy, out of the assets of the estate. . . • ‘ “
Reference
- Full Case Name
- MARY TROY, of ROBERT E. TROY and ALEXANDER TROY, an infant, who sues by his Guardian, MARY TROY v. ALEXANDER TROY
- Status
- Published