The Descent and Administration of Estates: Prepared for the Guaranty Trust Company of New York

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Guaranty Trust Company of New York, 1919 - 237 σελίδες

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Σελίδα 51 - Majesty, and her most noble progenitors, as by sundry other well-disposed persons: some for relief of aged, impotent and poor people, some for maintenance of sick and maimed soldiers and mariners, schools of learning, free schools...
Σελίδα 42 - Purposes for which express trusts may be created. An express trust may be created for one or more of the following purposes: 1. To sell real property for the benefit of creditors; 2. To sell, mortgage or lease real property for the benefit of annuitants or other legatees, or for the purpose of satisfying any charge thereon; 3.
Σελίδα 42 - To receive the rents and profits of real property, and apply them to the use of any person, during the life of that person, or for any shorter term, subject to the provisions of law relating thereto; 4.
Σελίδα 117 - It is an established doctrine, not only of international law but of the municipal law of this country, that personal property has no locality. It is subject to the law which governs the person of the owner, as well in respect to the disposition of it by act inter vivos, as to its transmission by last will and testament, and by succession upon the owner dying intestate.
Σελίδα 54 - No person having a husband, wife, child, or parent, shall, by his or her last will and testament, devise or bequeath to any benevolent, charitable, literary, scientiiic, religious, or missionary society, association, or corporation, in trust or otherwise, more than one-half part of his or her estate, after the payment of his or her debts (and such devise or bequest shall be valid to the extent of one-half, and no more).
Σελίδα 43 - ... 4. To receive the rents and profits of real property, and to accumulate the same for the purposes, and within the limits, prescribed by law.
Σελίδα 51 - ... education and preferment of orphans; relief, stock, or maintenance for houses of correction ; marriages of poor maids ; supportation, aid, and help of young tradesmen, handicraftsmen, and persons decayed; relief or redemption of prisoners or captives ; aid or ease of any poor inhabitants concerning payment of fifteens, setting out of soldiers, and other taxes.
Σελίδα 52 - no gift, grant, bequest or devise to religious, educational, charitable, or benevolent uses, which shall, in other respects be valid under the laws of this state, shall or be deemed invalid by reason of the indefiniteness or uncertainty of the persons designated as the beneficiaries thereunder in the instrument creating the same.
Σελίδα 79 - A last will and testament, executed without this State in the mode prescribed by the law, either of the place where executed or of the testator's domicile, shall be deemed to be legally executed, and shall be of the same force and effect as if executed in the mode prescribed by the laws of this State ; provided said last will and testament is in writing and subscribed by the testator.
Σελίδα 45 - ... it is not sufficient that the estates attempted to be created may, by the happening of subsequent events, be terminated within the prescribed period, if such events might so happen that such estates might extend beyond such period. In other words, to render such future estates valid, they must be so limited that in every possible contingency, they will absolutely terminate at such period, or such estates will be held void.

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