Appellate Division of the Supreme Court of New York, 1956

In re the Accounting of Hanover Bank

In re the Accounting of Hanover Bank
Appellate Division of the Supreme Court of New York · Decided December 18, 1956
2 A.D.2d 970; 1956 N.Y. App. Div. LEXIS 3527
In re the Accounting of Hanover Bank

Opinion of the Court

The intent of the testator with respect to the trust which he created in paragraph sixteenth, clearly indicates that the remainder interests were to vest and to be deemed as vested at the time of his death. The words used when compared to the phraseology in paragraph seventeenth lend emphasis to the foregoing. It was error, therefore, to hold that there was a contingently vested remainder subject to subsequent divestment. Decree unanimously reversed and the matter remanded to the Surrogate for the entry of a decree in accordance with this determination. Settle order on notice. Concur—Peck, P. J., Breitel, Cox, Frank and Bastow, JJ.

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