New York Life Insurance & Trust Co. v. Winthrop

Finch, J.:

This is an appeal by certain of the defendants from a decree construing the 1st paragraph of article 4 of the will of Jabez A. Bostwick, deceased, which reads as follows:

“ All the rest, residue and remainder of my estate, real and personal, of whatever nature and description, I desire and direct to be divided into three equal parts, and I devise and bequeath said equal parts as follows: 1st. One of said equal third parts I devise and bequeath to the New York Life Insurance and Trust Company, in trust to manage and protect the same and to receive the rents, issues and profits thereof…