Valentine v. Valentine
New York Surrogate's Court
Abraham Valentine died leaving a will of which Samuel M. Valentine, his son, became sole executor. Among other things, the will devised a life estate in a dwelling house in the city of New York to Jane Valentine, the widow of a deceased son, which the executor was directed, out of certain funds, to keep in repair, and to pay the taxes and insurance premiums thereon.
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Abraham Valentine died leaving a will of which Samuel M. Valentine, his son, became sole executor. Among other things, the will devised a life estate in a dwelling house in the city of New York to Jane Valentine, the widow of a deceased son, which the executor was directed, out of certain funds, to keep in repair, and to pay the taxes and insurance premiums thereon. He also gave to said Jane Valentine an annuity of $2,000, to be secured out of funds ultimately given to her children. In the year 1870, an accounting was had before the then Surrogate of Westchester county, which resulted in the…
1Opinion of the Court
The Surrogate.
At the date of the decree in 1870, the executor had in his hands $40,000 of 5-20 U. S. bonds—
Which cost . ......$42,975
He also had a bond and mortgage for . „ . 7,536
’Amounting to . .....$50,511
Which sum he was directed to retain and keep invested, and to pay from the income the annuity of $2,000, to Jane Valentine, and the taxes, insurance and repairs on a house devised to her. The mode of investment at the date of that decree does not appear to have been objected to, and was sanctioned by the court. Of the above sum of $50,511, there remains now, and is accounted for, only…
2Cases cited1 opinion
- Fowler v. LockwoodNew York Surrogate's Court · 1877
3Cited by2 opinions
- In re ArcherNew York Surrogate's Court · 1892
- In re Washbon's EstateNew York Supreme Court · 1891