Parker v. Glover
New Jersey Court of Chancery
A testator ordered that his residuary estate (excepting two designated lots of land, as to which he gave his executor a discretionary power of sale) be converted into money, and that one-third thereof be held in trust for his daughter Mary for life, and then for the benefit of her children until the youngest should attain twenty-one, when the principal should be divided among them, share and share alike. He died in 1862. The two lots of land have never been sold.
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A testator ordered that his residuary estate (excepting two designated lots of land, as to which he gave his executor a discretionary power of sale) be converted into money, and that one-third thereof be held in trust for his daughter Mary for life, and then for the benefit of her children until the youngest should attain twenty-one, when the principal should be divided among them, share and share alike. He died in 1862. The two lots of land have never been sold. The testator owned certain stock in a bank, which investment was continued by his executor until 1873, when the bank failed .and…
1Opinion of the Court
The CHANCELLOR.
Charles Parker, deceased, late of Trenton, died in 1862. By his will, which was dated July 31st, 1858, after directing payment of his debts and funeral expenses, and giving to his son Joel a pecuniary legacy charged with two annuities, and giving those annuities, he ordered and directed (by the fourth clause of the will) that the residue of his estate, real and personal, except two houses and lots of his on Southard street, in Trenton, and his household furniture, be converted into money by his executor (his son Joel) within two years from his decease, and that the property,…
2Cited by3 opinions
- Fidelity Union Trust Co. v. RowlandNew Jersey Court of Chancery · 1926
- In Re WardNew Jersey Superior Court Appellate Division · 1936
- In Re GriggsNew Jersey Court of Chancery · 1939