Legal Opinion

The Lambertville National Bank v. Bumster

New Jersey Court of Chancery

Decided March 4, 1948No. Docket 158/409PublishedCited by 10 opinions

1Opinion of the Court

The complainant presents this bill of complaint in its fiduciary capacity as the trustee under the last will and testament of James I. Bumster, who died a resident of Lambertville, Hunterdon County, on December 28th, 1945.

The complainant assumed its duties as testamentary trustee of the decedent's estate on April 10th, 1947, and in the pursuit of its administration it now finds itself in a somewhat perverse and intractable situation by reason of the directions embodied in the testator's will:

"4. All of the rest, remainder and residue of my estate, real, personal and mixed, whatsoever and…

2Cases cited21 opinions

  1. MacKenzie v. Trustees of the PresbyterySupreme Court of New Jersey · 1905
  2. Pennington v. Metropolitan Museum of ArtNew Jersey Court of Chancery · 1903
  3. N.J. Nat. Bk., C., Co. v. Lincoln, C., Co.New Jersey Court of Chancery · 1930
  4. Dodd v. UnaSupreme Court of New Jersey · 1885
  5. Price v. LongNew Jersey Court of Chancery · 1917

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3Cited by10 opinions

  1. Davison v. Duke UniversitySupreme Court of North Carolina · 1973
  2. Cocke v. Duke UniversitySupreme Court of North Carolina · 1963
  3. Stanton v. Wells Fargo Bank & Union Trust Co.California Court of Appeal · 1957
  4. Fidelity Union Trust Co. v. PriceNew Jersey Superior Court Appellate Division · 1952
  5. In Re Crichfield TrustNew Jersey Superior Court Appellate Division · 1980

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