William D. Everitt and others v. Rosine Everitt and others

William D. Everitt and others v. Rosine Everitt and others. A testator, by his will made in 1855, gave to his two cider children legacies of $500 each. He then devised and bequeathed all his estate, real and personal, to his executors, in trust for the purposes of his will, and directed that it should be converted (except so far as it should be needful to pay legacies), into money, and be invested upon bond and mortgage. After giving certain other small legacies, the testator, by the tenth clause of his will, directed that the residue and remainder of the funds which should come to the hands of his executors in their capacity of trustees, and the accumulations thereof, should be held, used, and managed by such executors for the benefit of such of his three younger children as should be living at the time of his decease; and if the said children should have attained the age of-21 years at the time of his decease, then his executors were to pay over the remainder of the funds, and all the accumulations thereon, to his said three younger children, or to the survivor of them (if one should be then dead), in equal proportions, share, and share alike; and if there should be but one survivor at the time of his decease, then the executors were to pay over the remainder of the funds, and all the accumulations thereon, to his said three younger children, or to the survivors of them (if one of them should then be dead), in equal proportions, share and share alike; and if there should he hut one survivor at the time of his decease, then the executors were to pay over to such survivor the whole of such funds, and the accumulations thereon. The testator then directed, that if he should depart this life while any of the said younger children should be under the age' of 21 years, the executors should hold, use, and manage the said residue and remainder of the trust funds, as before provided, until all of his said three younger children, or the survivors or survivor of them, should become of age; and then he directed his executors to pay over such funds and the accumulations to them, orto the survivors of them, in the same manner and in the same proportions as before provided, in case of bis not dying until after the youngest one living at the time of his decease should become of age. The testator died before either of the three younger children attained the age of 21. Held, 1. That the bequests contained in the tenth clause of the will constituted the legatees tenants ih common, and they took distributively, and not jointly. 2. That the beque,st of the residue, considered independently of the express trust, was not liable to the objection that it created a perpetuity forbidden by the statute; and it was in all respects valid, and that the attempt to create a trust estate, if ineffectual, d'id not affect the bequest. 3. That the trust, as to the residue, was not illegal or void as suspending the power of alienation beyond the time limited in the statute. Its objects were such as are authorized by the 55th section of the article of the Beyised Statutes relating to trusts in lands; but it being, by force of the power in trust to convert the land into money, a trust of personalty, it was not within the influence of that article, but was valid if not opposed to some other rule of law. 4. That the interest in the fund vested in the legatees on the death of the testator, though the fund was not payable to them until the happening of the event mentioned, viz., the youngest attaining her majority. 5. That the trust, if valid, did not suspend the absolute ownership of either of the three shares of the residue for any period beyond the life of the daughter to whom it was given. Upon the death of the first of the three daughters who should die without issue, her share would go to the survivors absolutely and upon the death of the second one who should die without issue, her proper share would go to the survivor; but her part of the accrued portion, if not aliened, would go to her personal representatives, and would be thus taken out Of the scope of the trust. 6. That the accrued shares, if any of the legatees should die without issue before they all arrived of age, would not be subject to any farther devolution by survivorship, but would vest, absolutely, in the survivors. ■ 7. That the provisions of the will were a valid and effectual disposition of the testator’s estate, and that the three minor children were entitled to the residue under the tenth clause of the will. This action was brought to obtain the judgment of the supreme court upon the validity and effect of the principal dispositions in the will of Charles G. Everitt, late of the city of Brooklyn, deceased. The testator, who was a widower, died in July, 1856, leaving five children, all of whom were minors. The two eldest, William D. Everitt and Euphemia Wallace, are the plaintiffs, and the defendants are' the other children and the executors. By the will, dated in July 1855, the plaintiffs were given legacies of $500 each, but took no further interest, in the estate. The testator devised and bequeathed*all his estate, real and per sonal, to his executors in trust for the purposes of his will, and directed that it should be converted into money, and except so far as it should be needed, to pay legacies, be invested upon bond and mortgage. After certain directions for carrying on his manufacturing business, for a limited time, giving the above legacies to the plaintiffs and moderate legacies to a brother and sister and certain of his workmen, and $1,500 to his executors for their services, the will proceeds as follows: 1. “ Tfinth.—All the residue and remainder of the funds which ' shall come to the hands of my said executors in their capacity of trustees as hereinbefore providéd, and the accumulations thereof, shall be held, used and managed by said executors and the survivors and survivor of them, for the benefit of such of my three younger children, viz. Rosine Everitt, (born June 7th, 1842,) Margaret Ann Everitt, (born January 18th, 1850,) and Alice Everitt, (born October 4th, 1851,) as shall be living at the time of my decease. 2. “And if I should not depart this life until after the youngest of them, then living, shall have attained the age of twenty-one years, it is my will, and I do hereby direct my said executors to pay over to my said three younger children, or to the survivors of them (if one shall be then dead,) in equal proportions, share and share alike, all the said residue and remainder of the funds last above referred to, and all the accumulations thereon; and if there shall be only one survivor of my said three younger children at the time of my decease, as last above mentioned, then it is my ,vffl, and I do hereby direct, that my said executors shall pay over to suph survivor the whole, of such funds and the accumulations thereon. 3,. “And if I should depart this life whilst any of my said three younger children ■ shall be under the age of twenty-one years, it is my will, and I do direct my said executors to hold, use and manage the said residue and remainder of the said trust funds, as hereinbefore provided, until all of' my said three younger children, or the survivors or survivor of them, shall become of age; and then1 it is my will and I do direct my said executors to pay over such funds and the accumulations thereof, to them, or to the survivors or survivor of them, in the same manner and in the same proportions as above urovided in the case of mv not departing this life until after the youngest one living at the time of my decease should become of age. But inasmuch as my daughter Bosine is a number of years older than her said sisters Margaret and Alice, it may so happen that she ought not to be compelled to wait for her share of such funds until' either the said Margaret or Alice become of age: Therefore it is my wish that my said executors should make such advances to the said Bosine after her majority, in anticipation of the receipt by her of her share, as-they in the exercise of their best judgment and discretion may deem advisable and proper. And I do hereby also extend this provision and exception to the said Margaret. ” 4. “And ! do hereby make, constitute and appoint my said executors, and the survivors of them guardians and the survivor of them a guardian of each and every such of my said three younger children Bosine, Margaret and Alice, as shall be a minor and unmarried at the time of my decease, and I do hereby dispose of the custody and tuition of each and every such minor to my said executors, and the survivors and survivor of them, during her minority, femme sole, with all the rights, privileges and powers conferred upon testamentary guardians by the laws of this State. 5. j‘And out of the income 'arising from, the investment of any of the said trust funds, my said executors as such testamentary guardians aforesaid, and the survivors of them are, and the survivor of them is, hereby earnestly requested and solemnly enjoined, as to each and-every such minor, to support, maintain and educate her during her minority femme sole, and to exercise a truly parental care over her, and to endeavor to have her brought up in a manner best calculated to make her a useful member of society, and an honor to her father. And, if such income should not prove sufficient for such purposes, the principal of said fund must be resorted to, to the end that there shall be no failure under this provision of my will. 6. “In case any of my said three youngest children should be married before she shall become entitled to her share of the said residue and remainder of said funds, then it is my wish that my said executors should advance and pay to her, on account of her share, the sum of five hundred dollars for the purpose of enabling her to purchase her an outfit for housekeeping, provided, however, that the marriage can with any reasonable degree of propriety be sanctioned and approved by my said executors. 7. “And it is my will, andido direct that whatever moneys my said executors shall necessarily expend for and on account of any of my said three younger children, while acting in the capacity of testamentary guardians as aforesaid, shall be chargeable on the said trust fund generally, and not against the share of either of such minors or wards separately. But whatsoever else my said executors may deem proper under the foregoing provisions to advance and pay to any of my said three younger children after she obtains her majority, all sums of money which shall be so advanced and paid, shall be charged upon her share separately. 8. “And it is further my will, and I do direct, that in case any of my said three younger children shall die before she shall become entitled to be paid in full, the amount coming to her for her share, and shall leave lawful issue, her share shall immediately belong to and go to such issue; but if she shall .so die without such issue, then her share shall go to the survivors or survivor of my said three younger children.” A. C. Paige, for the appellants. I. The bequest in the first clause of the 10th section oí the will of all the residue of the' trust funds which shall come into the hands of the executors and the accumulations thereof, to be held, used, and managed by such executors, &e., for the benefit of such of the three younger children of the testator, viz: Eosine, Margaret, and Alice, as should be living at the time of his death, created separate trusts for said children, of three equal, undivided portions of said residuary trust funds respectively, and not an entire trust of the whole trust-fund; or a'single trust for three several and distinct purposes, viz., for the several benefit of each child, &g., or embracing three several, distinct shares of the fund for the several benefit of the said children; and under this bequest these children, at the death of the testatbr, took .equal and several shares in the said residuary trust funds, and an immediately vested interest in their respective shares of such funds. This bequest was an absolute and present gift to the three children of - the said residuary fund in equal and several shares; and it gave them, severally, an absolute and immediately vested interest in their respective shares of such fund; and under and by virtue of the said first clause of said 10th section, and by such of the subsequent provisions of such section as.were valid, such shares were to be held and managed by the executors until such children respectively arrived at the age of twenty-one, or were married, in case they were married before twenty-one; and the principal of the share of each child was to be paid over to her, on becoming twenty-one; or in case she should be married before twenty-one, to her guardian, on her marriage; or such several and distinct shares of the fund were to be so held in trust and managed by such executors until the youngest of the three children should become of age, and then the said shares were to be paid over to the said three children respectively; and in the meantime the executors, as testamentary guardians, but only during the life and minority of the three children, and while the said trust fund remained in the hands of such executors, intact, were to support and educate such children during their respective minority, -&c., out of the income of the whole trust fund; and in case either of the three younger children should die before the time fqr the division of the fund without leaving issue,, her share would immediately go to the survivors in fee; and in case she left issue, such issue would immediately take such share in fee,' and the trust as to such share would immediately cease; and the same result would follow in relation to the termination of the trust as to the «hares of Eosine and Margaret, in case the executors should advance to them, after their respective majority, the whole of their respective shares of the fund. 1.- The testator clearly intended in his bequest to the three younger children, of the residue of the trust fund, that such fund should be separated at his death into three shares, and to create a separate trust as to each share in favor of the children respectively, and that each separate trust should continue until the child for whose benefit it •was created should become twenty-one; or, under 'certain circumstances hereinafter specified, until the youngest child became, twenty-one. The testator recognizes the separability of such residuary trust fund into three shares on his decease, and such separate - trusts in several parts of the 10th section of his will. In the second clause, he directs the said residue of the trust funds to be paid over to the three children in equal proportions share and share alike. In the third clause, the testator directs such residue to be paid over to the three children in like manner. In the same clause (3d clause), it is' provided that the executors may, in their discretion, make advances to Eosine and Margaret respectively after their respective majorities, in anticipation of the receipt by them of their respective shares; and such advances may, under this provision, extend to the whole amount of such shares. • In the sixth clause, it is provided, that in case either of the said three chilren should marry before she becomes entitled to her share, the executors should advance to her, on account of her share, $500. And in the seventh clause, the testator directs that all sums of money advanced to any of the three children, after she attains her majority, shall be charged upon her share separately. And in the eighth clause, he directs that if any of the three children should die before the period for division, and shall leave issue, her share shall go immediately to such issue; and in case she should so die without leaving issue, her share shall go immediately to the survivors. 2. The testator intended that the bequest to the three children should not only be an absolute and present gift to them, but that it should be a bequest to them of several equal undivided shares of the fund, as tenants in common, and that the children should have an immediately vested interest in their respective shares. He intended the gift should be absolute and not contingent. This is apparent from the first and eighth clauses of the 10th section of the will, when considered in connection with each other, and with the provision authorizing the executors to make advances to Rosine and Margaret. This first clause gives to the three children, or to such of them as shall be living at the decease of the testator, absolutely the trust fund not as joint tenants, but as tenants in common; and the eighth clause provides, that in case either of the children shall die leaving issue before the time prescribed for the distribution and payment of the fund, (the expiration, of the three minorities,) her share shall immediately belong to and go to such issue, and if she shall so die without such issue, then her share shall go to the survivors. This last clause of the tenth section is the final expression of the testator’s will, and is irreconcilable with any imputed intention of the testator inferred from the terms of the-, third clause of such tenth section, that there should be one entire trust of the whole fund which was to continue inseprable until the expiration of the three minorities. The provision in the will authorizing the executors to make advances to Rosine and Margaret of their entire shares of the fund before the expiration of such minorities, is also irreconcilable with such imputed intention of the testator as to an entire trust. (a.) The law presumes, where a general bequest is made in the words of a bequest in the first clause of the tenth section of the will to the three younger children, that the testator intended that the legatees should share equally in the funds bequeathed; and such is the legal meaning of such a bequest. (Tucker v. Bishop, 16 N. Y. R. 406; 1st Rev. Stat. page 753, sec. 17; 1st ed. page 727, sec 44, 1st ed.) (5.) Each one of the three younger children took a determinable fee in one equal, .undivided third of the fund, as tenants in common, subject to be divested by the executory devise over, contained in the eighth clause, in case either should die without leaving lawful issue. (10 Paige, 151; Gilman v. Reddington, 24 Y. Y. R. 16.) (c.) The direction in the fifth clause of the tenth section, that the executors as testamentary guardians, shall, out of the income of the trust fund, maintain and educate eaóh child during her minority (before marriage), and the direction in the 'seventh clause that moneys expended by the execufors for any of the three children, while acting as their testamentary guardians, shall be chargeable upon the trust fund' generally, are not inconsistent with the theory of the separability of the shares of the three children, and of the separate trusts in their favor. These directions relate exclusively to moneys expended by the executors, while acting as testamentary guardians, for the maintenance and education of the children during their minority. These charges on account of any of the children can only be made while the executors are the testamentary guardians of such child, and during her minority, and so long only as the trust fund remains undistributed. On the death of either of the three children, before the time fixed for the distribution, the survivors, or the issue of the child so dying will take absolutely her share, and the trust as to that share must then necessarily cease, and the chai’ges for the support and education of the surviving children could not thereafter be made upon the trust fund generally. The same would be the .result if the executors should advance to either Eosine or Margaret the whole of their shares' of the fund before the expiration of the minority of the youngest child. These considerations show that the tenth section of the will only authorizes the executors to make these charges upon the trust fund generally, while, the funds remain entire and undistributed in their possession. So long as the shares remain in the executors’ hands, the expenses incurred by them as guardians were to be charged upon the trust fund generally, but as soon as any one share of .these funds became separated from the othei shares, then each share thereafter was evidently to be charged only with the moneys expended on account of its owner. (d.) But if the charges for the maintenance and education of the children, or of any one of them during their minority, could be made on the whole residuary trust fund and paid out of its income, after severance of the shares therein, and the termination to the trust as to any one of such shares, it would not conflict with, or defeat the construction that the three children, at the death of the testator, took several shares in the trust fund, and an immediately vested interest in their respective shares of such fund, inasmuch as the principle, is undeniable that an absolute and' present interest in property may be devised to a devisee, subject to a charge thereon for the support of another person, and that, such charge will not prevent the ves'ting of the interest so devised on the death of the testator. (Post v. Hover, 30 Barb. Rep. p. 312, 323.) (e'i) The provision in the will which authorizes the executors to advance to Eosine and Margaret the principal of their respective shares,' before the expiration of the minority of the youngest child, - is alone sufficient to require the construction that they took, on the death of the testator, an immediately vested interest in their said respective shares. (Tucker v. Bishop, 16 N. Y. R. 405; Patterson v. Ellis, 11 Wend. 259, 268 and 271.) In Patterson v. Ellis (11 Wend. 259, 268 and 271), where there was not in terms any absolute gift of a legacy, but the" testator directed the interest of the legacy to be applied in the mean time for the benefit of the legatee, it was held that the principal of the legacy was vested. It was also held in that case that a legacy will be deemed to be, vested if it be left to the discretion of a trustee to pay the legacy sooner than the time specified in the will; and it seems that the mere appointment of a trustee for the legatee, during the minority, will have the same effect. In this case the executors were not only authorized, in their discretion, to advance to Rosine and Margaret, before the expiration of the three minorities, the whole of their respective shares, but also, while acting as testamentary guardians, to apply the income of the trust fund to support and educate them during their minority. This construction separates the shares, and necessarily establishes the validity of the bequest to Alice, the youngest child, of her share, whether the same is regarded as an absolute and present or a contingent bequest; as- there can not be a suspension of the power of alienation of such share for a longer period than the minority of such legatee, even if the bequest is conceded to be contingent. (/.) The provision as to advances to Rosine and Margaret, being a later declaration of - the intention of the testator than the provision as to the continuance of the trust during the three minorities, is to be sustained in preference to that provision, if both cannot stand together. Such -provision as to advances is an emphatic indication that the principal intent of the testator was to give an absolute and present interest in the trust fund to the three children, and that they should take their respective shares in the fund in severalty, and a vested interest thereon. (g.) If the three children took, on the death of the testator, several shares and a vested interest therein, the postponement of the time of distribution and payment to the period of the expiration of the three minorities is unobjectable, as it does not postpone the vesting of the legacy. In such cases the time of payment is not of the substance of the gift; the legacy is due, although payable at a future time, and is susceptible of alienation previous to the time of payment by the legatee, or by hey next friend or guardian if under twenty-one. (Tucker v. Bishop, 16 N. Y. R. 405, 406.) (7i.) The intention of the testator as insisted upon in the preceding propositions is collected from the whole will, which is the only legitimate means of ascertaining such intention. (Greenl. Cruise, Tit. Devise, chap. 9, sec. 3.) ■ (i.) There can be no objection to the theory of the separability of the shares bequeathed to the three children, and of the separate trusts, because the whole residuary fund was embraced in a single trust, inasmuch as such single trust was for three several and distinct purposes, and embraced the three several and distinct shares‘of the fund for the several benefit of the three children. Several interests are carved out of the fund and given to three several devises. The trust is a trust not only for management, but also for distribution and payment. In Tucker v. Bishop, supra, and in Savage v. Burnham (17 N. Y. R. 561, 566, 571, and 576), the trusts were single, but the estates in the fund bequeathed Were several and distinct, and they were held to be several and vested interests, on the death of the testator, payable at a future day. The decisions in these two cases establish the accuracy of the construction of the will in question, insisted upon in the preceding points. In Tucker v. Bishop, the testator bequeathed his residuary personal estate to his executors in trust tq invest the same, directing that one-half of the principal and interest should be for the benefit of the children of a grandson, and the other half for those of a granddaughter; one-half of the income to be applied annually for the benefit of the children of each grandchild respectively, and whenever either of the children of the grandson should come of age to pay over to that child his or her proportion of one-half of thé principal, and the same provision for the children of the granddaughter; and it was held: First, that each of the (reat-grandchildren living at the death of the testator took tn immediately vested interest in an equal share of the fund bequeathed to the children of his parent, subject to be diminished in quantity by the birth of subsequent children before the first child of the class became of age. Second, that if the uncertainty of the quantity of the interest of the children in being at the death of the testator; would suspend the power of alienation (which it did not), such suspension could only endure for one life in being .at the creation of the estate, that of the parent. In Savage v. Burnham, the testator devised his estate upon trust: First, to sell the estate after the death of the widow—she to have one-third of the rents and profits during life; the other two-thirds to be deemed personal estate, and to form a part of the trust fund; that fund to be constituted of the personal estate, the proceeds of the real estate, when sold, and the said two-thirds of the rents and profits. Second, to apply the income to the maintenance and education of six sons and four daughters, in equal shares, until the sons should attain the age of twenty-one, and the daughters should attain that age, or be married, respectively. Third, to pay or-transfer the principal, in-equal shares, to the sons and daughters; the share of the sons to become vested at twenty-one, and then to be paid; the shares of the daughters to be vested in the trustees; the. income to be paid to them after twenty-one, or marriage, during life; and upon the death of each daughter leaving issue, her share to go to- and be vested in such issue. This was held to be a valid trust, and that the bequests of portions of the principal of the estate to the sons, and to the children of the daughters, were of distinct shares as separate legacies, to vest and become payable to the sons when they should severally arrive at the age of twenty-one, and to the children of the daughters, upon the death of their respective mothers and were valid; that these bequests were contingent in the case of the sons, depending upon their attaining the age of twenty-one; and in case of the children of the daughters, depending upon such daughters leaving children. But it was held that the further limitations in the will, that the share of each son dying before twenty-one, and daughter dying without, issue, was to go to the surviving children upon the like contingencies, &c., were void, because suspending the absolute ownership for a longer period than is authorized by law". (17 N. Y. R. 561, 571, and 572.) (&.) But the decision in Gilman v. Reddington (24 N. Y. R. 9), is decisive of the present case. The provisions of the will in that case are substantially identical with those of the will under consideration, with the exception of the time of payment over, and distribution of the trust fund In that case the testator gave the residue of his estate to his executors in trust to manage the same, and to apply so much of the same or the income thereof, as they shoulc. see fit in the exercise of a sound discretion to the educatioi and support of his three infant children, or such of then, as should survive; or of the issue of any one who miglr, die—all of whom were infants at the time of the testator’,death, until the two youngest should attain the age of thirty years, or until both should be dead, if they should dl< under that age; at which time the trust estate was to be paid, conveyed, or made over to the said three children, or such of them as should then survive, or to the issue then living of such as might be dead, in equal proportions, so that the issue might have the share of the parent; and if all the children should be dead at the period of distribution without issue then living, the testator further directed that the residuary estate should go to the testator’s widow, and to his brothers and sisters, and their issue, in certain proportions specified; and if the widow should be dead, then the brothers and sisters and their issue were to have the whole. The three children, at the testator’s death, were of the ages respectively of 5, 3, and 1 years, the youngest of whom died after the death of the testator, at the age of two years. It was held that the children took a vested fee, determinable as to each upon his dying without issue, within the prescribed period. It was also held, that it created no illegal suspense of the power of alienation; '¿hat the executors,, after the expiration of the trust term, ¡should be required to retain in their possession real'and 'personal property, the ultimate right to which has vested for the purpose of paying the income to the widow for life. Thus it appears that the same disposition was substantially i node of the residue of the trust fund in the will under consideration, as was made in the will in the case of Gilman v. Reddington, viz: to be held in trust and to be managed by the executors for the benefit of the three younger children *>£ the testator as should be living at the time of his decease, and the income thereof, and the principal, if necessary, to be applied by them in the support and education of such three children during their minority—-the principal of the fund to be paid over and distributed at the expiration' of the minority of the youngest child. In Gilman’s case, the same disposition was made of the residue of the estate, viz: to be held in trust by the executors to manage and apply the same, or the income thereof, to' the support and education of the three infant children, or of such of them as should survive, or of the issue of any who might die, until the youngest of the three should attain the age of thirty years. In that case the payment over, and the distribution of the corpus of the estate,- was not to be made until the youngest of the three chil dren should attain the age of thirty years, or until the two youngest of such children should be dead, if they should die under that age, then it was to be paid over to the three or to the survivor, or survivors, or to the issue then living of such as might be dead! The provisions in the two cases are substantially identical; the only material difference is in the time of the payment over, or distribution of the principal of the trust fund, and as in Gilman’s case the court decided that the children of the testato'i took a vested fee determinable as to each upon his dying without issue within the prescribed period; the principle of that decisionmustbe applied to the will under consideration, to the effect, that each of .the three children of the testator m this case also took a vested, determinable fee in one equali third of the trust fund, subject to be- divested by the executory devise over in case she died prior to the time for thi; distribution of the principal of the trust fund. In Gilman’» case (page 16) Comstock, Ch. J. in delivering the opinioi ¡ of the court, says: “ The three children were in being as the death of the testator, and by the very terms of the devise would be entitled to the possession and enjoy men! of the estate at the expiration of the trust. It was there fore, a present and vested devise of a future estate, and as I have said the. devise is in fee. It is true that issue . is mentioned in the limitation. But to mention heirs or issue after a general devise adds nothing to and subtracts nothing from such a limitation. If a child should die during the trust term leaving issue, such issue would take in succession to the parent under the canons of descent, and in like manner would be entitled to possession at the time appointed. Yet the estate was not given to the children as a fee simple absolute, because it is qualified by a conditional limitation in favor of the survivor, if.any child should die during the term, without issue; and if there shall be no survivors, or issue of survivors, then there is also a substituted limitation in favor of other parties. The estate is therefore-given to the three children as a base or qualified fee determinable as to each, on a dying without issue, within the prescribed period. When that period is reached the condition will be gone and the estate of the children, or of any child surviving,- will be perfect. (Fosdick v. Cornell, 1 John R. 440; Anderson v. Jackson, 16 Id. 382.) This case of Gillman v. Reddington, is decisive of the present case; and if it is followed, the decision must be in this case, that the shares of the trust fund bequeathed to the three children became vested in them at the death of the testator, with a right of. possession at the period prescribed for the payment over and distribution of the principal of such shares. In this view of the case, the time fixed for such payment and distribution, viz., the expiration of the minority of the youngest child, is entirely unobjectionable, as, the estate being vested, there can be no suspension of the power of alienation. (7.) The fundamental principle of construction in regard to all instruments and contracts is, TJt res magis valeat guam pereat, that is to say, the instrument should rather be made available than suffered to fail. Effect should be given to the whole instrument, and every part of it, if it can be done without violating the rules of law. (22 Wen. 488, 489; 2 Eev. Stat. 748, sec. 2, 1st ed.) And it is a principle of construction applicable to wills, that where the will -admits of two constructions, that is to be preferred, which would render it valid; and it is also a principié of construction that where a testator’s intention cannot operate to its full extent, it shall take effect as far as possible. (2d Jar. on Wills,, pp. 748 and'745, marg. pa.) Effect cannot be given to the whole of the tenth section of the will, and to the whole of the intent of the testator, except upon the theory of the separability of the shares of the- three younger children in the fund,- and that they took vested interests therein at the death of the testator. Upon this theory of construction, effect may be given to the testator’s intention in relation to the time fixed by him for the distribution of the fund, as to such of the children as shall be living at such time; and effect inay also be given to his intention that, in case either of the children should die before such time for distribution her share shall go immediately to her issue, Or to the surviving children. Such a construction seems, therefore, to be imperatively .demanded as well by the established rules of construction, as by the legal requirement to give effect to the intention of the testator. II. But if the provision contained in the first paragraph of the third clause of the tenth section, which prescribes the duration of the trust until the expiration of the three minorities, is invalid, and cannot, under any legitimate construction of the will, be sustained, the question arises whether it is so closely connected with the valid provisions of the' tenth section that it cannot be separated from them and declared to be void without destroying such valid provisions, and defeating .the general intent of the testator. We insist that it may be declared void without, affecting such valid provisions, and without doing violence to the testator’s intention. 1. In Post v. Hover, (30 Barb. 313 and 322,) an almost . precisely similar provision, similarly connected with a prior provision in favor of three minor children, it was held (Hogeboom, <T.,) to be void, without destroying the prior provision with which it Was connected; and it was held that the provision being detached from the illegal provision could be sustained as a valid devise. The testator in that case devised his real estate to his three grand children in fee, to take effect in possession on their arriving at the age of twenty-one years; .and incase they should die before twenty-one and without issue, he devised the estate over to the survivors; and in case of the death of all under age and without issue, to his son John in fee. The testator then directed that during the minorities of the grand children, his son John should have the charge and management of the estate, and out of the avails should support the grand-cMldren and their mother. It was held that this last provision suspended the power of alienation during the minorities of the three grand-children, and was, therefore, invalid; but it was also held that the whole devise, including the illegal trust, was not so closely interwoven in its several parts but that the valid could be detached from the void provisions, and preserved without doing violence to the testator’s intentions. The same proposition is true in relation to the connection of the above mentioned provision in the first paragraph of the third clause of the tenth section of the will in question in this action, with the other provisions of such section referred to in the preceding points. " 2. It is now a. settled-principle of the courts to lean in favor of the preservation of all such valid parts of a will as can be separated from those that are invalid without defeating the general intent of the testator. (30 Barb. 322, per. Hogeboom, J.; Savage v. Burnham, 17 N. Y. R. 561 and 576; Darling v. Rogers, 22 Wend. 483; Gott v. Cook, 7 Paige, 521; S. C., 24 Wend. 641 and 664; De Peyster v. Clendning, 8 Paige, 295; Haxtun v. Corse; 2 Barb. Ch. R. 506; Van Vechten v. Van Vechten, 8 Paige, 120.) The rule, is laid down, by the chancellor in Haxtun v. Corse. (2 Barb. Ch. R. 519; S. C., 22 Wend 483, 494 and 495; 9th Paige 117.) It is no' objection to the application of this rule to this case that the limitations as well those which are good, as the one alleged to be bad, are embraced in a single trust. A single trust created for two purposes, one lawful, and one unlawful, is good for the lawful purpose, although void for the unlawful one. In Darling v. Rogers, (22 Wend. 483 and 496,) the trust was a single trust, to sell or mortgage for the benefit of creditors, audit was held to be good as a trust to sell, although void as a trust to mortgage. The trust in Haxtun v. Corse, (2 Barb. Ch. R. 519,) was a case of single trust for two purposes, viz.: to lease and sell, one lawful and the other unlawful, and the trust to sell was held to be valid, while the other was declared to be void. In Savage v. Burnham, (17 N. Y. R. pp. 561, 572 and 576,) the trust was a single trust, -embracing both good and bad limitations, and it was sustained as to the good limitations, while the other limitations were declared to be void. The same remárk applies to the trust in Gilman v. Reddington, (24 N. Y. R. 9.) 3. In the present case all the valid provisions of the tenth section of the will may be preserved without defeating the general intent of the testator. 4. The general and principal intent of the testator was to give the whole of the residue of the trust funds in the hands of the executors, and the accumulations thereof, to such of his three younger children as should be living at his decease; and that each child during her minority, or during such portion of that period as she remained unmarried, should be supported and educated by the executors while acting as her testamentary guardians out of the income of the trust fund if sufficient for the purpose; and if not sufficient, the deficiency to be taken from the principal; the moneys so expended by the executors as such guardians to be charged upon the whole fund while the same remained in the hands of the executors, undistributed;, that the executors should in their discretion make advances to Eosine and Margaret after their majority, out of their respective shares; and in case either of the children should be married before the period for distribution had arrived, that the executors should advance to her on account of her share the sum of $500. The testator also intended that in case either of the children should die before she became entitled to the payment in full of her 'share leaving issue, such share should immediately go to such issue; but in case she should die without issue, that then her share should go immediately to the survivors. These were the principal purposes and objects of the testator; and all of them can be accomplished. The testator also had a subordinate purpose, namely: that a trust should continue in the executors to hold, manage, and use the trust fund until all the said three younger children should become of age. This is the,, only particular in which the testator’s intent will be defeated in case this provision should be declared void. But as we have seen that this provision (if void) may be separated from the other provisions of the will, which are valid, it may be declared void without affecting the validity of such other provisions, or defeating the general intent of the testator.. All the principal purposes- of the will can therefore be accomplished, and the general intent of the testator effectuated, notwithstanding the above direction that the executors hold and manage the trust fund until the youngest of the three children should become twenty-one, &c., should fail. III. The provision in the eighth clause-of the tenth section creating executory devises in favor of the issue of such of the three younger children as shall die before they are entitled to the payment of their respective shares; and in case no issue is left, then in favor of the survivors or survivor of such children, is repugnant to the provision in the third clause of such section, which directs the executors to hold, use, and manage the trust funds until the expiratior of the minorities of all the said three children, and then to pay over the fund to such three children, or to the survivors or survivor of them. These two provisions are totally irreconcilable with each other, and cannot possibly stand together; and to prevent the failure of both from uncertainty, the one last in local position must prevail as denoting a subsequent intention, and the other must be sacrificed. (Trustees, &c., v. Kellogg, 16 N. Y. R. 88, and cases there cited; 2 Paige, 122, 139, 180; 1 Jarman on Wills. 411-416.) The repugnancy between these two provisions is in two particulars: 1. The provision in the third clause (the one first in local position), excludes the issue of the three children, respec tively, from all participation in the shares of the latter; whereas the provision in the eighth clause directs that the issue shall take in the contingency named. The direction in the third clause is," that at the expiration of the minorities the fund shall be paid over to the three younger children, or to the survivor or survivors of them, excluding entirely the issue of such of the children as shall die before the distribution of the fund. The provision in the eighth clause gives the share of each child who dies before the time of the payment of her share to her issue, if she leaves any; and if she leaves no issue, then to the survivor or survivors, &c. 2. The other particular of repugnancy relates to the ■period of suspension of the power of alienation. The third clause postpones the time of payment or distribution of the shares until the expiration of the three minorities, and makes a contingent bequest to the three children, to take effect at the expiration of the minorities in case they are then living; and 'in case either shall be dead, then to take effect in favor of the survivors or survivor. . The eighth clause provides that in case any one-of the three children shall die before becoming entitled to the payment of her share, leaving issue, her share shall immediately belong of go to such issue; and if she shall leave no issue, then it shall go immediately to the survivors or survivor oí the three children. By the third clause, the suspension is during the continuance of three minorities (an illegal suspension); under the eighth clause, the suspension is only during the continuance of one life; as upon the death of each child leaving issue, her share goes immediately to such issue; and if she leaves no issue, then it goes immediately to the survivors or survivor of the three children. In these particulars, therefore, these two provisions are repugnant to each other; and the provision in the eighth clause being last in local position, must prevail, and that in the third clause, above mentioned, must be sacrificed; and it must be deemed as revoked and regarded as forming no part of the will. This construction of the will renders its exposition an easy task. It expunges the only provision which creates any difficulty; removes all doubts as to the construction and meaning of the other provisions of the will. All the other provisions are valid and effectual, with perhaps the exception of the single provision in the third clause, that Rosine and Margaret may receive advances after their majority in anticipation by them of their respective shares. This provision, under the above construction, becomes inoperative, inasmuch as the other provisions in that clause being expunged, the shares of Rosine and Margaret became payable immediately on the death of the testator; or on their respective arriving at the age of twenty-one, or on their marriage in case they are married before twenty-one. The provision in the last two paragraphs of the third clause of the tenth section, in relation to advances to Rosine and Margaret, is also "repugnant to the above mentioned provision in the first paragraph of the same clause, in relation to the continuance of the three minorities. The executors, under the former provision, are authorized, in their discretion, to pay over to Rosine and Margaret on their arrival at their majority, and before the period of the termination of such trust, the whole of their respective shares of the trust fund. Such payment will necessarily put an end to such trust before the expiration of the time prescribed for its continuance, as the provision in relation to advances being last in local position must be sustained in preference to the one as to the continuance of the trust. IV. If the will is susceptible of the construction that the bequest in the first clause of the tenth section is an absolute and present gift to the three children of the residuary fund in equal and several shares (of which there can be no question), and that the third clause merely postpones the time of payment of the principal of the shares until the youngest child becomes twenty-one, "the latter provision may be sustained; as the two clauses taken together would merely present the ordinary case of an absolute gift of a legacy, vesting immediately on the death of the testator, accompanied by a direction postponing the time of payment until the majority of the youngest child. In such case, the postponement of the time of payment does not postpone the vesting of the legacy. The legacy is due although payable at a future time, and is susceptible of alienation, previous to the time of payment, by a next friend or guardian acting under an order of the court. (Tucker v. Bishop, 16 N. Y. R. 405, 406.) Expectant estates are now alienable in the same manner as estates in possession. (1E. S. 725, § 35; 2 E. S. 194, § 701, 1st ed.) 1. The direction that the executors hold, use and manage the residuary trust funds until all the said three children shall become of age, may be construed as not creating a trust, and therefore, as not postponing the vesting of the legacy, but as relating merely to the management of the trust funds. (2 Barb. R. 65, 81; 4 Sel. 538; 15 N. Y. R. 324.) 2. The words in the direction “until all the said three children shall become of age,” may be construed distributively and understood in connection with the eighth clause as meaning that the executors shall manage the fund until the said children shall respectively become twenty-one, or the share of each, until the youngest child is twenty-one, and if any one dies before that time, that her share shall go to her issue or to the survivors. 3. The terms of the direction in the third clause to hold use and manage the trust funds &c., are not sufficient to create an express trust under the fifty-fifth section of the article in relation to uses &c., (1 E. S. 728, 729); nor a valid direction for an accumulation of rents and profits of real estate, or income or profits of personal property for the benefit of minors, under the thirty-seventh section of the article in relation to the creation and division of estates. (1 E. S. 276, 1st ed. and title 4, in relation to accumulations of personal property, &c., 1 E. S. 773, 1st ed.) (a.) The direction is not to receive rents and profits of lands, or income or profits of personal property and to apply them to the use of a person during his life &c., or (5.) To receive rents, profits, &c., and to accumulate the same for the benefit of one or more minors in being and to terminate at the expiration of their minority. (1 E.JS. 728, sec. 55, 1st ed. 727, sec. 45.) (c.) All directions for accumulations for a longer time than the minority of such minors, are void ^ as to the time beyond such minority. (1 E. S. p. 726, ééc. 38, & p. 774, sec. 4, 1st ed.) Y. The direction in the first clause of the tenth section, that the executors hold, use and manage the residuary trust fund for the benefit of the three younger children, is in legal effect a direct, absolute and present bequest to such children. It is a case of a naked bequest or devise to one person, for the use of or in trust for another, where no estate, legal or equitable, vests in the trustee. (1 E. S. 727, 728, secs. 45 & 49, 1st ed.) This construction presents this as a case of an absolute gift to the legatees, which imports a gift of an absolute power of disposition, followed by an attempt to limit or qualify' this absolute power of disposition, the necessary and inseparable incident of absolute ownership, by giving the control and management of the fund to the executors until all the three children shall become of age. This limitation or qualification is inconsistent with the previous absolute bequest and the absolute power of disposition incident thereto. In this case, the testator intended to give an unqualified title to the children. (16 N. Y. R. 93; Ross v. Ross, 1 Jac. & Walk. R. 154; Flanders v. Clark. 3 Atk. 510; Bradley v. Peixoto, 3 Ves. Jr. R. 324; Ball v. Kingston, 1 Meriv. R. 319; Green v. Harvey, 1 Hare R. 43; 22 Wend. 137; 4 Barb. R. 419; 13 Johns. 537, 552; 2 Barb. R. 65, 18.) The case in respect to the absolute bequest and its subsequent qualification of the absolute power of disposition incident thereto, is analogous to the case where a devisor devises his real and personal estate to a devisee, giving him the power of unqualified disposition, and by a subsequent clause creates a limitation over in favor of another person, as to so much of the 'property devised as the devisee shall leave undisposed of at his death. In such cases the limitation over is void, as being repugnant to the right of absolute ownership given to the devisee. YI. The concluding direction in the third clause, that the executors shall make such advances to Bosine after her majority, in anticipation of the receipt by her of her share, as they in their discretion may deem advisable, and a like direction in favor of Margaret, are both, under any construction of the will, valid directions. The result is, that the executors may in their discretion advance to Bosine and Margaret respectively, after they respectively arrive at the age of twenty-one, the whole of their several and res pective shares of the said residuary trust fund; and what ever shall be so advanced will belong to them respective!) as their absolute and entire property, they having both a present vested interest therein and the possession thereof These directions are valid and may be sustained, although the whole residue of the said third clause, as well as the-provisions of the first clause, should be determined to bf invalid. The directions also in the tenth section, in rela tian to the support of the three children during theii minority out of the income of the trust fund, by the execu tors as testamentary guardians, while such fund remains in the hands of such executors undistributed, as well as the direction in relation to the advances to such children on their marriage, are likewise valid and can be sustained, although the said residue of the third clause and the provisions of the first clause should be determined to be invalid; and under like circumstances the eighth clause could also be sustained, and the three childern, Alice as well as Eosine ■ and Margaret, could be deemed to have taken by implica- ' tian, a determinable fee in equal and several shares of the trust fund. ' VII. The several shares of Eosine, Margaret and Alice can vest in interest in them respectively, and did so vest on the death of the testator, subject to the charge for their support, and to such advances as may be made to them under the direction of the will. Yin. The failure of the provision in the third clause of the tenth section, in relation to the continuance of the trust in the executors, during the three minorities, does not necessarily involve the failure of any other provision of the will. By the failure of this provision there results no intestacy as to any part of the estate. There is no failure in the general plan or scheme of the testator as to its disposition. There is no failure of any part of his plan or scheme unless it be as to a possible intention that under certain circumstances the entire fund should remain in the hands of the executors undistributed, until the expiration of the minority of the youngest child. There is no authority to justify an adjudication that in consequence of such failure all the other provisions and limitations of the tenth section of the will must also fail. (Hull v. Hull, 24th N. Y. R. 648, 652 and 653.) This conclusion is fortified by the expressed intention of the testator; that the shares of Eosine and Margaret should not remain in the hands of the executors undistributed until the expiration of the minority of the youngest child, as declared by him in the provision in which he authorizes the executors in their discretion to advance to them on their majority the whole of their said respective shares of the principal of the fund. IX. The executor having acted under the will in good .faith, and converted a part of the estate into money, and paid debts, legacies and expenses, and supported and edu- ' coted the children,..he is entitled in case the decree is affirmed to have an accounting; and to a full indemnity and protection in all acts performed in good'faith. The whole of the judgment of the court below should. be reversed, except the concluding clause thereof, which relates to the costs and additional costs of the parties, and to the payment of the same by the executors out of the personal estate of the testator, and a’ judgment should be directed to be entered in favor of .the appellants, in conformity to the foregoing points, and that the appellants should be allowed their costs to be adjusted, and reasonable counsel fees and expenses incurred in this court. James Emott, for the respondents. I. The provisions in controversy are a devise and bequest of the residue of Charles G. Everitt’s estate. To the executors in trust: 1. To convert the real estate into personal. 2. To receive the rents, income, and interest, and'to invest and re-invest. 3. To hold, use, and manage the trust fund, and accumulate the same until the youngest of the testator’s three, daughters shall come of age. 4. Then to pay over the fund to the survivor or survivors of said three daughters, or to the children of either who may have died leaving lawful issue, share and share alike. , 5. In the meantime to apply the income of the entire fund to maintain, educate, and support the three daughters during the minority of each, and to use, if necessary, the principal of the residue or any part of it for the purpose of such education and support. The will expressly directs • that the money thus used shall be taken from and charged upon the entire fund en masse. 6. Aftep the majority of the two older children the executors may make advances to them in their discretion out of the fund, which advances in the final distribution are to be charged upon the share or portion of each child when she comes to receive it. 7. To pay to each of said daughters . $500 upon her marriage, with the executors’ approval. This amount also to be charged against each daughter in the final distribution. H. This bequest gave the estate to the trustees. The beneficiaries took only an equity—-a right to enforce the trust. ISTone of them took any legal estate or any legal interest whatever in the residue of the testator’s property, real or personal. (Amory v. Lord, 5 Seld. 403.) Considered as a trust of real estate it was valid as far as its purpose was concerned and could be maintained, if it did not violate the rule of the statutes against perpetuities, It is a trust to receive and apply rents and profits, to accumulate the same, and finally to sell for the benefit of legatees. But the direction to convert the real estate into personal, renders this a trust of personal property. Such trusts as to their objects are not affected by the statutes. The questions which determine their validity arise upon the directions for accumulation, which the instruments creating them contain, and upon the suspension of the power of alienation, or of the absolute ownership which they involve. HT. The rule that where a limitation may by possibility, in the natural course of events, suspend the power of alienation and absolute ownership for a period longer than the statutes allow, it will be void, is too well settled, as applicable to personal as well as real estate, to allow counsel to discuss it. We are content to leave this proposition upon the authority of the well known and leading cases in the court of errors. (Hawley v. James, 16 Wend. 61; Gott v. Cook, 7 Paige, 521; Kane v. Gott, 24 Wend. 641.) The test as to alienability or absolute ownership is, whether there are always persons in being and ascertained by whom an absolute estate in possession can be immediately conveyed. (Gott v. Cook, 7 Paige, 521.) IV. The interests pf the three children or beneficiaries under the residuary clauses in this will are not only not legal estates, but they are contingent merely and not vested interests. Vo interest vests either in one of the daughters or in her issue until the former arrives at majority, or dies leaving such issue. The only gift contained in the will is the direction to pay to the daughter at twenty-one, or to her issue if she die before then leaving issue, and futurity is of its substance. (Leake v. Robinson, 2 Mer. 363; Ford v. Rawlins, 1 Sim. 328; Taylor v. Bacon, 8 Sim. 100.) The doctrine that a legacy or interest in a fund created by will should be regarded as vested when the interest upon the fund is given to the legatee up to the time of payment, is not a fixed rule of property, but a principle of argument merely in the construction of wills. It does not control in this case because here principal and interest are blended in the bequest, and because the interest on the whole fund is given generally to the three beneficiaries during their three minorities, and not interest on any specific share to either. (8 Sim. 100; 2 Wend. 363; Worlidge v. Churchill, 3 Bro. C. C. 465; Barker v. Lea, 1 Turn. & Russ. 410.) V. This bequest created a trust of the entire fund, and not three separate trusts for the beneficiaries. The fund is regarded and treated as a whole in the will, and the executors are trustees of the whole, and retain the estate as such trustees until the period for distribution arrives. 1. The will speaks of the fund, and directs its management and use as an entirety, and not as in (Tucker v. Bishop, 16 N. Y. 402), in distinct moieties or shares, giving expressly a vested interest in each portion. 2. The accumulation which the will directs is of the interest on the whole fund as an entirety, and is to continue until the happening of the event upon which payment depends, that is the majority of the youngest child. If the ownership were not suspended, this would be a valid direction for accumulation. 3. The children are to be supported by the application of the interest of the whole residue, and if necessary, the principal; .and that during the whole period of the trust, and for the last minor, after the interests of the two elder have vested, as well as for the others, and while they all are minors. 4. The directions to the executors to make advances to the two elder daughters are no indications of a different structure of this bequest. They are not to be made until after their interests have vested by their attaining majority, and the direction to charge these advances against the shares of the two daughters, does not affect the present question, and is besides simply a direction to charge these advances upon the shares to which these children may become entitled, if the events happen which are to give them title. 5. The same observations apply to the directions to advance marriage portions to the three daughters. These directions alone cannot control the whole of the residue of the will with all its contrary implications. The directions to pay marriage portions might be regarded as substantive bequests; but if not, the direction to charge these portions against each child, only refers to the event of such child taking a share of the fund, and does not vest what is still contingent and uncertain. It is not a rule, and but a feeble and remote argument. This construction is fully sustained by authority in similar cases. (Comstock, J. in Savage v. Burnham, 17 N. Y. 571; Gilman v. Reddington, 24 N. Y. 9; Jennings v. Jennings, 3 Seld. 547.) VI. The whole of the tenth clause of the testator’s will creates a single fund and a single trust, with harmonious provisions. No portion of the directions which it contains can be rejected for repugnancy, nor can any of the limitar tians be set aside and the .residue preserved. It must all stand or fall together. Taken, together it creates one entire trust, and suspends the absolute ownership of the trust fund until the arrival of the period, and the happening of the events, calling for the vesting and payment of the shares of the cestui que trusts. Gilman v. Reddington (24 N. Y. R. 9), was in many material respects, a. similar . case. There it was held that the absolute ownership of the fund was suspended during the continuance of the trust, but the devise was sustained because the trust terminated at the end of two lives, while here it is to continue to three. Minorities are the same as lives in the construe tian of limitation of estates, under the statutes. , VH. There are not at this moment persons m being who can make a complete and absolute title to this fund. No such title could be made to any interest in it while all the children are minors, nor to the whole of it while any of them are under age. The assignment or conveyance even of all the daughters could not effect it, because one might die leaving issue before attaining twenty-one, and such issue would not be barred, and their mother’s share would go to them, and not to the surviving sisters. This might happen on the last day of the trust term, or the last day of the minority of the daughters. VIH. The share which will belong to the issue of either of the children, if either should die before twenty-one, leaving issue, will not be payable until the period fixed in the will, ■ to wit: the majority of the youngest child. The will directs the vesting but not. the payment of the share on a death leaving issue. The actual and entire interest of each daughter cannot be ascertained until the fixed period foi distribution arrives. If two of the daughters should die successively under age and without issue, by the death of the first her share would survive in moieties to the twp surviving, and on the death of the second, not only the original but the accrued interest would survive to the third, so that she would take the whole.: He did not intend intestacy as to any part of this residue. This is clearly the testator’s meaning. But this could only be effected by regarding and treating the legacies as an aggregate fund, divisible among a class of persons at a definite period. If these were separate bequests of distinct interests in the residue, an accrued share could not survive. (2 Roper on Legacies, 1398,1399; Worlidge v. Churchill, 3 Bro. C. C. 465; Barker v. Lea, 1 Turn. & Russ. 413.) IX. The judgment of the supreme court declaring that this residuary bequest suspended the absolute ownership during the three lives of the three youngest daughters of the testator was right, and should be affirmed. [MAJORITY — Denio, Ch. J. Mullin, J.] Denio, Ch. J. It is not questioned but that the provisions of this will, which have been condemned by the supreme court, would be valid either as express trusts or as trust powers, but for the supposed illegal suspense of the power of alienation or of ownership. As there was an absolute direction to convert the real estate into money, the provisions of the Revised Statutes, which relate to dispositions of that species of property, are those which directly apply to the case, and trusts of personal property may yet be made unless they violate some principle in law. But the rules respecting perpetuities are substantially the same as to both kinds of estates. The absolute power of alienation of real, and the absolute ownership of personal property, cannot be suspended by any limitation or condition whatever for a longer period than- during the continuance of not more than two lives in being at the creation of the estate; and where the disposition is by will, the death oí the testator is deemed the commencement of the estate. (1 R. S. pp. 723, 726, ^ 15, 41; Id. p, 773, $ 1.) The suspension, which it is the purpose of the statute to limit, may be effected by one of two methods: either by providing for the creation of future estates to take effect upon the happening of some prospective event, the occurronce of which is essential to the vesting of such future estate, or by conveying the estate to trustees upon some authorized trust. A lawful suspension of the absolute ownership maybe effected in either or both these methods; but the period of suspension must be measured by existing lives, or by some more proximate event which may happen during life, and the persons whose lives are to furnish the measure of the suspension must be designated or referred to, so as to be capable of ascertainment in the instrument by which the disposition is made. 1. If we consider the case without regard to the trust estate in the executors, and look only to the period when an absolute interest will vest in the children, two questions will arise: first, whether they take the bequest as tenants in common; and secondly, whether the interests were vested at the death of the testator, or contingent, and not vesting until all the three children arrived at the age of twenty-one years. If the interests were joint, and if the whole remained contingent and unvested until the majority of the youngest . of the three children, the absolute ownership was suspended during three minorities, which would be illegal, and the gift was void at its creation. (1 R. S. 73, § 14; Hawley v. James, 16 Wend. 61; Coster v. Lorillard, 14 id. 265.) But the bequests constituted the legatees tenants in common, and they took distributively and not jointly. It has long been a provision of statute law that a grant or devise to two or more persons in their own right creates a tenancy in common, unless expressly declared to be a joint tenancy. (1 E. S.-727, § 44.) The rule is different as to the estates of trustees and executors, who always hold in joint tenancy. But,we are now dealing with the interests of the defendants in the residue of the testator’s estate, and not with the rights of the trustees. The latter, if the trust was legal, were doubtless joint tenants; but the beneficiaries took the interest intended for them as tenants in common. If this was less clearly so upon the terms of the statutes, the particular provisions of this will, show that the gifts were distributive and several, and not joint. The testator contem-' plated that, at the time of his death, these three children, or such of them as should survive him, might be of full age, and he accordingly provided, by the second clause of the tenth section, that the residue should be immediately paid to them in equal proportions, share and share alike. Then, after providing for the case of any of them being ninors at the time of his death, and, in that event, confiding the management of the property to his executors until they should all attain their full age, he directs the executors then to pay over the funds to them in the same proportions as above provided in the case of his not departing this life until the youngest one living at the time of his decease should become of age. The third clause of the same section contains further evidence of the several and distributive character of the interests of the children, in the discretionary direction to make advances to Eosine and Margaret, in anticipation of the receipt by them of their respective shares; and the sixth and seventh clauses confirm, the same position by directing marriage portions, to a limited amount, to be paid to such of the daughters as should be married while under age, with the approbation of the executors, to be paid out of their shares of the residue. And the eighth clause, which provides for the eventual distribution of the whole residue in three shares, each of these daughters being entitled to one share, is further and conclusive evidence that they took as tenants in common. It would be impossible to maintain, in the face of such language, that the residue was given to them jointly or otherwise than-as tenants in common, even if the statute were not " imperative to the same purpose. The case of Tucker v. Bishop, lately decided in this court (16 $T. Y. 402), furnishes a very apposite precedent for sustaining the distributive character of this bequest. A residue was given to trustees to be invested, one-half of which, it was said, was to be for-the benefit of the children of one J. A. B. T., and the other half for the benefit of the children of one A. B. C. There were three children of the first-named parent, and six of the others, and another child was added by birth to the first-named class, after the death of the testator. There were no words defining the portions which the individuals of each class were to take in the moiety given to the class, except that it was said that each child of the respective classes was, on arrival of age, to have Ms proportion of the moiety of the residue. It was held that each child took an equal proportion of the fund. It is urged by the counsel for the plaintiffs that the directions in the seventh clause, that the expenditures of the executors as testamentary guardians for the benefit of the children (other than the advances above mentioned), should be charged to the trust fund generally, and nob to the separate shares, shows that the fund was to be considered a joint one. But I think it has.not any such tendency. The expenditures referred to were such as would be neces sary for their education and suppoit. 'While all were living, it may be supposed that these expenditures would be substantially the same in the case of each child. Whether the moneys necessary for support were charged against the separate shares or taken from the fund generally, would noi be very important, and the direction was merely materia] for the purpose of keeping the accounts. ' The same feature existed in the case of Jackson v. Bishop above mentioned,. The whole income of each moiety of the residue was to be applied to the benefit of the children of that class, but there was no direction that it should be equally distributed among the children. But should it be considered that some degree of inequality would arise in. paying the expenses of the education and support of all the children out of this trust fund generally, it would not affect the general distributive nature of the provisions. The general effect of the bequest being to give the residue to the children in equal shares, if for convenience, or any other subordinate reason, a direction was given which might burthen one or two of the shares unequally, it would not subvert, so prominent a feature of the whole scheme as that which, apportions the whole residue among the children in equal proportions. It would be simply a qualification in a single and not very important particular of the general principle of equality of interest. So far as it modified that principle it must be observed, but in all other respects the principle would be unobscured. Independently of the trust provisions in this will, there is, I think,- no ground for saying that these legacies of shares of the residue were not vested at the death of the testator. The leading inquiry upon which the question of vesting or not vesting turns is whether the gift is immediate, and the time of payment, or of enjoyment only postponed, or is future and contingent, depending upon the beneficiary arriving of age or surviving some other person, or the. like. If futurity is annexed to the substance of the gift, the vesting is suspended; but if it appear to relate to the time of payment only, the legacy vests instanter. (1 Jarman on Wills, 760; Gilman v. Reddington, 24 N. Y. 9.) And words directing division or distribution between" two or more objects at a future time are equivalent to a direction to pay. (Jarman, p. 761.) If we test this case by this general principle, it will be apparent that the gift of the residue to the three younger children was a vested gift. Before inserting the tenth section in the will, the testator had provided, so far as he intended to do, for all the objects of his bounty, including his two oldest children. It remained to provide for the three younger ones, to whom nothing had thus far been given; and he did this by declaring, in the first place, that the whole residue of his estate should be -held for the benefit of those three" younger children, or such of them as should survive him; and in the next place he declared that it should be paid to them [immediately] by the executors, unless one or more of them should be minors at the time of his death. The remaining clauses are devoted to the making of provisions for their well-being dining their minority, if they should be minors when the will took effect, and for the management of their estate in the mean time. That he considered that the estate would be theirs from the time of his death is evinced by the provision allowing the whole income, and such parts of the capital as might be necessary to be expended in their education and support, and in the direction for the advancement of portions to two of them, and of outfits to any of them in case of marriage while under age, out of their respective shares. These directions would oblige us to hold that the legacies were vested interests, if the words of direct gift had not been inserted. (Patterson v. Ellis, 11 Wend. 260.) But when we find language requiring that the residue should be held for their benefit immediately upon the testator’s death, and that it should be paid to them at once, if they were then all capable, by their age, of managing it, and superadded to these the language just referred to providing for their enjoyment of it to a certain extent before attaining their majority, I can not bring myself to doubt but that the residue vested in them in interest when the will took effect by the death of the testator, and that it was the payment only which was postponed during their minority. Assuming this to be. so, and leaving out of view, for the moment, the attempt to create a trust estate in the executors, the effect pf the will is very plain. Each of the three children took vested interests in one-third of the residue, in absolute property, subject only to an executory limitation, in the case of the death of one or more of them under age and without issue, in favor of the survivor or survivors of them. The limitation in favor of the issue of one dying under age and leaving issue is of no importance in this view of the case. It does not impair the absolute gift, for no present or prospective interest is vested in the issue, for the double reason that estates tail are abolished, and that personal property was never the subject of an entail. But if this were otherwise, it would make no difference in regard to the suspense of absolute ownership. At the death of either one of the children under age and without issue, the interest of her share in the residue would immediately vest in the survivors of the three, under the executory limitation, and if she died leaving issue it would either go to such issue under the limitation in- their favor, or to her executor or administrator for their benefit as distributees, and the infancy of the issue would not suspend the ownership. In technical language the result is that each of the three children took a vested interest, at the death of the testator, in one-third of the residue of his estate, payable on their respectively arriving at the age of twenty-one years, subject to an executory limitation as to any of them who should die under age and without issue, in favor of the survivors. At the arrival of age of either of them, keeping out of view the existence of the trust, her interest would become absolute and unqualified. Whether it would then be payable, or whether she would have to await the coming of age of a younger sister or sisters would not be material, as that would not touch the question of absolute ownership, or the power of alienation. At most there was a suspension of absolute ownership for one life, or, which is the same thing, one minority of one person in being at the creation of the interest. This was once supposed to be the consequence of an executory limitation attached to a fee in favor of survivors. As it was 'Uncertain who the survivors would be until the event determined it, it was formerly held to be an interest which could not be released. But in Miller v. Emans, lately decided in this court, the question was reconsidered, and it was held that the interest of the devisee under such a limitation was one which would pass by a release. (19 N. Y. 384.) Under the authority of this case, a conveyance by these three younger children, executed at any time after the testator’s death, would have passed a perfect title to the residue. The interest was not, therefore, made inalienable for any period whatever. If, therefore, the trust estate was blotted out, and the duties of the trustees were changed into powers in trust,' the result would not be an intestacy, as the supreme court has decided. The details of the management would, perhaps, be to-some extent modified; but it is difficult to see what need there is of a trust estate to effect the general purposes of this will. A legacy, or a share of a residue, may be given—payable to the legatee at twenty-one years’ of age, with a limitation over upon death within that age— without the intervention of an estate in trustees. The existence of such an estate might be convenient, but it is not essential. The legislature appear to have contemplated that trusts would be attempted to be created in cases not allowed by the system of the Revised Statutes; and for the purpose of preserving dispositions in such cases which could be effected without the existence of -a trust estate, it was enacted that in cases of attempted trusts which were unauthorized, no estate should vest in the trustees, but the trust, if directing or authorizing the performance of any act which might be lawfully^ performed under a power, should be valid as a power in trust, subject, -however, to the provisions of the article respecting powers. (1 R. S. 729, § 58.) That article defines a power to be an authority to do some act in relation to lands, or the creation of estates therein, or of charges thereon, which the owner, granting or reserving such power, might himself lawfully perform. (Id. p. 732, § 73.) But a perpetuity can- no more be created by the execution of a power than by a-direct devise or conveyance; and the period during which the power of alienation may be suspended by an instrument in execution of a power,' is to be computed from the time of the creation of the power. (Id. § 128.) In expounding and declaring the effect of wills, the intention of the testator is to be carried out if, and so far as, it can bé dbne consistently with the rules of law. Nothing can possibly be clearer than that this testator intended that his three daughters should take the whole residue of his estate in equal shares, as between themselves. This-was a lawful purpose: it did not intefere with any rule of the statute or common law. • He did not, I think, intend to restrain its alienability or absolute ownership for any period, and certainly not beyond a single minority of a person in being at his death; but he carefully guarded against such a consequence by the last clause, by which he provided for the devolution of the succession without further clog or condition, in case any one should die before the cpming of age of all of them. If there, was any illegal suspension of absolute ownership, or the power of disposition, it was effected by the trust estate which he attempted to create in his executors. But if the creation of that estate would by its terms have caused an illegal suspension, it was utterly void," and must be expunged from the dispositions of the will. If we strike out of this will the formal devise and bequest to the executors, it would have no effect upon the actual dispositions which it contains in favor of the beneficial legatees. Besides the creation of the trust estate, the testator appoints the executors the guardians of his children during their minority, as executors and testamentary guardians, and as donees of trust powers, to sell land, to expend the proceeds for the education and support of the beneficiaries, to make advances, and set apart marriage portions for them; they could do everything concerning this residue which the testator desired should be done, and so far as I can see, in the manner which he wished it to be done. If he has attempted in addition to this, to create an illegal trust estate, he has simply failed. The estate has never arisen, and there is not, I think, any argument in reason or in law, why this futile attempt should annul the otherwise legal dispositions, and produce an intestacy contrary to the tes-, tator’s plain intentions. The case of Hawley v. James, (16 Wend. 61,) is an authority of very great weight upon this feature of the present discussion. There the testator, William James, attempted to create a trust term to endure until the youngest of his children and grandchildren living at the date of his will,—twelve in number,—and attaining the age of twenty-one years, should have attained that age. By means of this trust and through the agency of the trustees, all the principal objects of the testator in the disposal of his large estate were to be effected. A large proportion of the gifts depended upon the discretion of t&e trustees, to be exercised at the expiration of the trust estate. The trust term was held to be void, as suspending the power of alienation for twelve minorities, and the bulk of the estate was adjudged to have passed to his heirs and next of kin undei the general laws regulating successions in cases of intestacy But there were several legacies and devises which, though they were payable out of the trust property, and to have been paid by the trustees in their character of trustees* were yet sustained on the principle which I have mentioned. It will be unnecessary to refer particularly to more than one of them. The trustees were directed to purchase land to the value of fifty thousand dollars, out of the rents and profits of the real estate devised to them, and at the expiration of the trust term to convey it to such of the children of the testator’s son Augustus, by his then present wife, &'« should then be living, in such proportions as said Augustus and his wife, if then living, should direct, and if they should then be dead, in such proportions as the trustees should determine. This gift was adjudged to be valid, notwithstanding the invalidity of the trust estate, and an amount was directed to be reserved out of the rents and profits of the trust property, which at five per cent, would probably produce fifty thousand dollars at the expiration of the trust term, when it was to be applied to the benefit of the children indicated, but should be subject to the power ‘ for appointing the proportions as expressed in the will. The trust term, being out of the way, the question was whether the gift itself) unembarrassed by the trust, was illegally limited. The time of payment was just as remote as the expiration of the trust estate, and the trust estate was void because it violated the statute against perpetuities. The gift would have been equally hostile to that statute, if it had depended upon a contingency to be determined only at the expiration of the trust estate, for it would have embraced the twelve minorities, and have suspended the power of alienation while they continued. But instead of being contingent, it was vested as the present bequests are; the interest vested in the children in being at the testator’s death, subject to open and let in after-born children. But being vested it was alienable, and transmissible by descent, and therefore there was no suspense of the power of alienation. A few words from the opinion of Judge Cowen, which, though not concurred in throughout, seems to have been followed as to the provisions wliich were upheld, will better explain my views. He says: “ But if it (the trust term), were void, it would only change the mode of doing the business under the will; if everything relating to the express trust be void, that certainly cannot stand in the way of the principal devise. If the trust be out of the way, then everything is alienable and subject to the devises, and these we shall see are not too remote, It would be somewhat strange if the failure of a mere form should avoid the substance; the trust term is not at all essential, it may be convenient, but surely both law and equity must be very weak, if they cannot effectuate a plain intent to devise land because the trust term is put out of the way.” (pp. 186, 187.) The court in that case carried the doctrine much further than is necessary to preserve the bequest of the residue in this case. It was a judgment of the court of last resort, and was elaborately argued and discussed by the judges, and involving as it did, interests of a very large amount, it ought to be considered as settling the law upon the point we are considering, if there could otherwise be any doubt concerning it. My conclusion is that the bequest of the residue, considered independently of the express trust, was not liable to the objection that it created a perpetuity forbidden by the statute, and that it was in all respects valid; and, moreover, that the attempt to create a trust estate, if ineffectual, did not affect the bequest. 2. But I am not satisfied that the trust estate was illegal. I have already said that its objects were not denied to be such as are authorized by the 55th section of the article relating to trusts in lands. But it being, by force of the power in. trust to convert the land into money, a trust of personalty, it was not within the influence of that article, but was valid, if not opposed to some other rule of law. But the statute against perpetuities was applicable to it, and I am now to inquire whether it violates that statute. The executors were directed to hold, use, and manage the residue of the estate until all the three younger children, or the survivors or survivor of them should become of age. If there were nothing else in the will, I do not see how the disposition could be sustained. But the last clause of the tenth section directs that if any of the three younger children should die before becoming entitled to be paid in full, leaving lawful issue, the amount coming to her for her share should immediately belong to and go to such issue; but if she should die without such issue, then her share should go to the survivors or survivor of the said three younger children. This provision, though a material qualification to the one which declared the duration of the trust, is in no just sense repugnant to it. It is the form generally used to annex an executory devise or bequest to a gift which would otherwise be absolute. Taken together, the substance of the disposition is that the whole residue is to be held by and be subject to the management pf the trustees until the youngest child shall come of age, unless any of them should die under age; but in that event, the share of the one so dying under age is to be Separated from the trust estate, and be p.aid immediately to the issue of the deceased child, if she shall have left any; and if not, to her surviving sister' or sisters. I do not, therefore, find it necessary to resort to the rule, sometimes adopted in the case of irreconcilable provisions in a will, of considering the last clause in local position as expressing the last volition of the testator, and as superceding the other. This rule should only be applied where it is impossible to reconcile the two provisions with each other, and never until every attempt to give to the whole a sensible construction has failed. (1 Jarman 415.) One need only to look into any treatise on wills or devises to find numerous examples of a disposition which would, on its face, carry an absolute estate, but which is subsequently cut down into a defeasible interest by another clause. There is nothing more repugnant in the two clauses referred to in this will than is found in a common mortgage, which usually sets out with an unqualified grant of the whole estate in fee; but is subsequently qualified by a defeasance by which it is to become void on the payment of the money. Cases of devises and bequests absolute by the primary clause, but which are in a subsequent part qualified by a contingent executory limitation, are frequent in our own reports. (Norris v. Beyea, 3 Kern. 273; Tyson v. Blake, 22 N. Y. 558.) Bearing in mind what has been said as to the divisible character of the bequest of the residue, and the fact that the legatees took their interests in the residue as tenants in common, the case is relieved of all difficulty, unless one arises out of a doctrine to which I shall presently refer. Tailing up the share of each child separately, we are to inquire whether the share is tied up so that no one has the absolute ownership during more than two lives. Take the first of the three daughters: If she shall die before her two- sisters come of age, leaving issue, her share passes to such issue, or to her personal representatives, and is taken wholly out of the scope of the trust. But if she die without issue, her share goes to the survivors. If the second one subsequently die without issue, her share will go to- the single survivor. But what will become of her part of the share of her sister who died before her? If that will go to, her personal representatives, there is no embarrassment. The two shares have been extricated from the trust, and as to them there is no further suspense of ownership, and the time of suspension has not exceeded that allowed by the statute. It has embraced only a single life. The third share will be liberated from the trust when the last legatee comes of age, or at her death before that period. But if the law is that the share which devolved upon the survivors when the first legatee died remained bound up in the trust, and if, upon the death of the second, it was passed to her sole survivors as a part of the trust estate, and she was still under age, then her estate is not released until the expiration of two lives and one minority after the taking effect of the will by the death of the 'testator; and the rule seems to be well established that if the estate will not vest within the statutory limit of time, in any supposable order in which the legatees may die, there is an illegal suspension. (Hawley v. James, supra.) The question, therefore, is whether the accrued shares, arising upon the death of the daughter who first deceased, go to her survivors absolutely or continue to be enveloped in the trust estate; and upon that question I have entertained the only doubt which has occurred to me in examining this case. The words in the third clause are very pointed to the effect that the trust is to last until the youngest daughter comes of age, or until the survivors or survivor of them shall do so, and that when that happens, the funds are to be -paid to the daughters or the survivors or survivor. This would seem to imply that if some one or more should die before the youngest one came of age, the trust was still to continue though two lives had been spent. But the language is capable of the construction that these words survivors and survivor, as here used, refer to those who shall have outlived the testator. The next preceding clause shows that he supposed that they might not all survive him. The language, until you come to the last clause, seems rather to contemplate that all who should survive the testator would live until the youngest' came of age, and then that last clause is inserted to provide, for the •first time, for the care of some of those who should outlive him dying before the time of final division. It is impossible to give the provision as to the endurance of the trust its full and unqualified effect consistently with the last clause, for by that, if any one dies leaving issue before the time for distribution, that is, the full age of all of them, her share is certainly to be relieved from the trust, for it is to be immediately paid to her issue, after which the trustees would have no control over it. Again, by the final clause, upon any one dying before the time of distribution, it is her share which is to go to the survivors or survivor. By the strict language, therefore, upon a second death happening, it is the proper share of the one so dying that is to go to the sole survivor, while nothing is said respecting an interest which had accrued to that second deceased daughter upon the death of the first. Hence, I think the literal import of the language would not retain an accrued interest, arising upon the death of any of them without issue, within the scope of the trust. There is nothing in terms showing that such accrued interest should not vest absolutely in the survivors or survivor, to whom the Will declares it shall go. But if we look into the English books, and I have found nothing in point in this state, the case is not entirely clear. The cases are numerous and not quite harmonious. In ex parte West, (1 P. Williams, 174, note, anno, 1784,) a testator gave to three minor children “ ¿61000 each, the interest to be added to the principal yearly, until they shall respectively attain the age of twenty-one years; and in case one of them shall die before that age, then to the survivors.” Two of them died at different times, under age. The question was whether the part of the share of the one who first died which survived to the one who died next, survived again to the third, or whether it was only the original share of the .one who died Secondly which went to the ultimate survivor; and the Lord chancellor held that the half share did not again survive. This was a summary decision in bankruptcy, but the question was afterwards brought up by bill, and it was heard before Sir Loyd Kenyon, master of the rolls, who concurred with the lord chancellor and determined that the moiety of the legacy of the first deceased which survived to the second, vested absolutely and did not survive on his death to the last survivor. The case of Crowder v. Stone came before Lord Chancellor Ltndhurst, in 1829. A testator gave to his executors several sums in the public funds in trust to pay the- dividends to his wife and brother during their lives and the life of the survivor, after which the trustees were to sell the stock to pay the proceeds to a nephew and four neices named, in equal shares; but if either of them should die without issue before their shares became payable, then the share of those so dying should go to, and be equally divided between and among the survivor and survivors of them, share and share alike. One of the neices alone survived the testator’s wife ánd brother, and two of those who had died did not leave issue. The question was as to the accrued share of the one first dying which vested in the other one who afterwards died without issue before the time of payment,—whether it went over again, under the words of survivorship, or vested absolutely in the one so secondly dying without issue, and it was held that it did so vest, and did not again survive. The lord chancellor relied upon ex parte West, above mentioned¡ as an authority for the decision, (3 Russell, '217.) In a case decided in 1834 by Sir John Leach, master of the rolls, it appeared that three children became entitled under the marriage settlement of their parents and a testamentary instrument of appointment executed by their mother, to a sum of ¿62000 in the public funds, the dividends, however, payable to their brother for life, and after his death to be expended towards their maintenance and education, and to be divided among them on their respectively attaining twenty-one, or, as to the daughters, their marriage. Two of the children died successively after attaining full age, in the lifetime of their father, and the other survived. The plaintiff was the administrator of the one who died secondly, and the question was whether he was entitled to any part of the ¿62000 or whether it all vested by survivorship in the child who was yet living. It was decided that the plaintiff was entitled to so much as accrued to his intestate in her lifetime by the death of the child who first died, that being vested in her absolutely, though the original share of his intestate went over by survivorship to the last survivor. (Bright v. Rowe, 3 Mylne & Keene, 316; 9 Condensed Eng. Ch. Rep. 54.) If the foregoing cases are good law, the trust in question in the present case, if valid, did not suspend the absolute ownership of either of the three shares of this residue for any period beyond the life of the daughter to whom it was given. Upon the death of the first of the three daughters, who shall die without issue, her share would go to the survivors absolutely, and upon the death of the second one who shall die without issue, her proper share will go to the survivor, but her part of the accrued portion, if not aliened, will go to her personal representatives, and will be thus taken out of the scope of the trust. It is proper, however, to say that there is a class of cases in some of which the reason of the rule referred to has been qiiestioned, and, in some others, distinctions have been acted upon which at first view seem not very consistent with the rule itself, which rule has, however, always been conceded to be. the law. (Worlidge v. Churchill, 3 Bro. C. C. 465; Pain v. Benson, 3 Atk. 78; Pope v. Whitcombe, 3 Russ. 224; 3 Condensed E. C. R. 323; Eyre v. Marsden, 2 Keene, 564; Barker v. Lea, 1 Turn. and Russ. 413; 11 Eng. C. R. 224). In the case in Atkins, the bequest was of all the testator’s personal estate to five brothers and sisters, and brothers and sisters-indaw, after the decease of the testator’s father and mother, to whom- the interest was to be paid during their respective lives, and the clause^ of survivorship was that in case of the death of any of the five legatees “ before me, or the survivors of my father and mother, I do appoint his, her or their shares to be divided among the survivors of them.” One of the legatees died in the testator’s lifetime, and two of them after-wards, but in the lifetime of the testator’s mother. Lord Chancellor Hardwick® considered the shares of all the deceased legatees to have, in substance, lapsed, and to have fallen into the residue precisely as though they had all died before the testator, and that the fund to be distributed was only ascertainable after the death of those entitled to the interest for life. He insisted that his judgment was not a departure from the general rule, which he said was .as follows: “ When a man gives a sum, suppose ¿61000, to be divided among four persons, as tenants in common, and that if one of them die before twenty-one or marriage, it shall survive to the other. If one dies and three are living, the share of that one so dying will survive to the other three; but if a second dies, nothing will survive to the remainders but the second’s original share; for the accruing share is as a new legacy, and there is no further survivorship.” The case cited from 3 Brown’s Chancery Beports is, in some respects, like the present. It was a devise of all the testator’s real and personal estate to trustees in trust to sell and convert it into money, and with the proceeds to pay the debts .and purchase an annuity for one person, and to invest the residue in government stocks in trust for his four children named, to be divided between them on their attaining twenty-one; but if any of them should happen to die before attaining such age of twenty-one years, then such deceased child’s share to go to the survivors and survivor of them." The interest was to be applied to their education, &c., during minority; “ and in case all the said four children should happen to die before attaining the age of twenty-one years, and leave M. A. (a third person living), then he directed the trustees to pay her the interest of such trust money from time to time as it should come due, and .after the decease of all”;—that is, the four children and M. A.—he gave and bequeathed the said trust money to the children of his late uncle, Stephen Loudon-. All the four children, except the plaintiff, having died, he filed a bill against the executors, and the representatives of a deceased brother and sister, and the main question was whether the shares of the deceased children, which had vested in the one who died, survived to the plaintiff; and it was held that they did. The case was heard before Mr. Justice Bulleb, sitting for the Lord Chancellor, who, admitting the authorities to establish the general doctrine against the further surviving of accrued shares, placed his judgment upon the words trust moneys, which, he said, meant the whole estate, and upon the bequest over of these moneys upon the death of all the children under age, which constituted, as he thought," the whole as an aggregate fund. In the case we are considering, it is certain that there was no determination of the testator that the whole residue should be kept together as an integral fund; for upon the death of any of the legatees before the time of distribution leaving issue, her share was to be taken out of the fund and be given to her issue, and there was no bequest of the whole fund, or of anything to another person on the death of all before the distribution. ■ The other cases are distinguished by the circumstance that the sharers of the fund were to be ascertained at the termination df a prior estate or interest, and the clauses of survivorship meant, in substance, that what would otherwise' be the shares of those.who should die before such ascertainment should fall into the fund to be distributed among those who should prove to be the real beneficiaries. There was, in effect, no survivorship provided for, but a direction that those who died before the expiration of the prior estate should not be participants in this fund "to be divided. My conclusion upon this feature of the case is that the accrued shares, if any of these legatees should die without issue before they all arrive of age, would not be subject to any further devolution by survivorship, but would vest absolutely in the survivors. It is proper to remark that none of the English cases to which I have referred involved any question under the law of perpetuities. None of the dispositions were questioned as involving an illegal suspense of alienation or ownership. By the common law, property held in trust was not inalienable. That consequence is produced here by the provisions of the Revised Statutes which declare that a conveyance by a trustee, in contravention of the trust, is void: and that the beneficiaries of a trust to receive and apply the rents and profits or interest cannot alienate their interest. It is here safest to render the disposition of the residue contained in this will void¡ because the whole • fund is to be kept together and rendered inalienable during the existence of three minorities. Before we declare that result we ought to be quite sure that such is the effect of the trust. As I have said, I think it. is not; though I admit that there is more room for controversy upon that point than upon the position first stated, namely: that admitting the trust to be void, the legacies would be well given and would involve no illegal suspense of ownership. I am, therefore, for reversing the judgment of the supreme court, and of adjudging that the dispositions of the will of Charles E. Everitt are valid and effectual dispositions of his estate. The judgment of the supreme court having been favorable to the plaintiffs, I am not for giving to the defendants the costs of his appeal, as against the plaintiffs. The executor will be entitled to be allowed, as expenses, such costs as he has incurred in settling his accounts. The award of costs in the supreme court fails with the judgment of reversal. The order for judgment to be settled b.y one of the judges of this court. Mullin, J. The important question in this case is, in whom did the title to the residuary estate vest, under the tenth clause of the will on the death of the testator? If in the minor children mentioned in that clause, then the judgment below must be reversed; if in the trustees, it must be affirmed. The tenth clause contemplates and provides for two contingencies; 1st. The death of the testator after the youngest of the three children mentioned in that clause and then living, has attained the age of twenty-one years. 2d. His death while any of said children were minors. The death occurred while all three of said children were minors, and hence, the provision made for the second contingency is the only one necessary to be considered in deciding the question arising on this appeal; That provision is, in substance, that the trustees are to hold, use and manage the residue of the estate until all of said three children, or the survivors or survivor of them shall become of age;—then to pay over such funds and their accumulations to them or the survivors or survivor in equal proportionSj share and share alike, until after the youngest'living at his death should become of age. By the third clause of the will the testator has expressly given all his estate to his executors in trust, for the uses and purposes of his will. These purposes were to pay his debts and personal expenses,'—erect a monument—to pay legacies to sundry persons named, and amongst them, to his two eldest children, and then the rest and residue under the tenth clause above mentioned. It will be seen that the trust under which the executors hold the estate in question is not created by the tenth clause of the will, but by the third. But as it is by the tenth clause that the trust is extended to the residue of the estate, beyond the time when as executors, they should have paid the debts and legacies and performed the other duties imposed upon them, by the clause of the will preceding the tenth, it becomes necessary to enquire whether the trust as to the residue is a valid one, or whether it is not valid:, because it suspends the power of alienation beyond the time limited in the statute. It is conceded that if the absolute power of alienation is suspended by this clause beyond two lives in being at the death of the testator it is in violation of the statute and void. By the very terms of the clause in question, the trustees are required to hold and manage the estate until the youngest of the three children named in it attains its majority. If, by this provision, the interest in the fund does not vest in the children until the youngest becomes twenty-one years of age, the trust is utterly void. But if the interest vests in the children on the death of the testator, but the fund is not payable to them until the happening of the event mentioned, then the power of alienation is not suspended and the trust (if it is one) is valid. The decisions have been so numerous and the rules of construction alluded to have been so long and so rigidly adhered to, that it is unnecessary to cite authorities in support of them. The inquiry then is reduced to this: Did the shares of the children in the residuum of the estate vest in them on the death of the testator, or was • the vesting postponed until the youngest came of age? The first and most important duty devolving upon judges in the construction of wills is to ascertain the intention of the testator, and when ascertained, effect is to be given to it unless the language of the instrument precludes it. . To arrive at the intention of thé testator in regard to the provisions for the minor children, it will not be qecessary to look beyond the tenth clause, as the other clauses can have effect, whatever may be the construction given to the tenth clause; but, as I will afterwards show, the tenth clause cannot receive the construction contended for by the respondent’s counsel without rejecting altogether the ninth clause, or, by retaining it, do injustice to the minor children provided for in the tenth clause. 1. It was the manifest intention of the testator to give to each of the three children one equal third part of the residuum of his estate, or, as he expresses it, “equal proportions, share and share alike.” 2. The division into shares is recognized and treated as having effect before the youngest child becomes twenty-one. It is provided that inasmuch as Eosine is considerably older than the others, and as it might happen that she ought not to be compelled to wait for her share until the others become of age, therefore the executors were authorized after her majority to make advances to her in anticipation of the receipt by her of her share. This provision is wholly inconsistent with an intention to postpone the vesting of the share until the majority of the youngest, for two reasons: 1st, Because payment maybe actually before; and 2d, the accumulation of the fund for the benefit of those living at the time the youngest comes of age is defeated, because it will have been previously paid over to those who were not intended to have any interest in it, according to the general scope and object of the" tenth clause; or, to express the idea somewhat more clearly, if the object of the testator was to have the residue of the estate retained by the executors until the youngest came of age, and that no interest should vest in either until the happening of that event, it would follow that he must have intended that the child or children who should be living at that time should take the whole estate, unless the deceased should leave issue, and that the one dying should have nothing beyond a mere support, this object, I repeat, is defeated by permitting any one of the three living to have his or her share after majority or marriage, and before the youngest comes of age. I consider that it was competent for the testator to forbid the vesting until the happening of the event provided for, and in the meantime to authorize the payment of a part of the estate, to him or her. But the question is not what he might do; it is what was it his intention to do. And I insist that when he authorized the payment of a part of his. estate to one of the children to apply on its share before the happening of the event when it becomes entitled to full payment, an intention is clearly manifested that the division into shares should take effect at his death, so that each child had a share on which payment could be made. 3. The provision- that the executors might a'dvance and pay $500 on account of her share to either of the children marrying before she became entitled to her share, in order to enable her to procure an outfit, manifests an intention not to postpone the vesting of the interest in the children beyond his death. 4. The intention not to postpone the vesting until the youngest came of age is most clearly demonstrated in the last provision of the tenth clause. It is there provided that in case any of said three children should die before she became entitled to be paid in full the amount coming to her for her share, and should leave lawful issue, her share shall immediately belong to and go to such issue; but if she dies without issue, then to the survivors. This clause is wholly incousistent.with an intention to give no vested interest, in the residue except in such of the three children as should be living when the youngest o.ame of age. By this provision the survivors can take but one-third, or it may be two-thirds, as the other share or shares are vested in the representatives of such as may be deceased. I admit that the testator had the power to make all these provisions and yet the interest in the several shares not vest in the children at his death. But the question is not one of power, but of intention. Would he have made these provisions if. his intention had been that the children should have no vested interest in any specific portion of the estate at his death. The general intention would seem to have been to give to each of said minor children one-third of the residuum of his estate, as it would be at the time when the division should be made;—that is, so much as should remain after supporting all the children during their minority. Any advances made to either after coming of age, and all other advances, except for support and education, are required to be deducted from the share of each. In other words, payment .of the shares-was not to be fully made until the youngest attained its majority. This intention contravenes no statute or provision of law, and effect should be given to it if possible. It remains to inquire whether the language of the will will allow effect to be given to the intention. The question is not whether the language will bear some other construction—a construction which will defeat the intention or render the provisions of the will illegal and void, but whether it will permit a lawful intention to have effect. The executors are required in the event of the testator’s dying during the minority of any of said three children, “ to hold, use'and manage the residue and remainder of the said trust funds until all of my said three younger children, or the survivors or survivor of them shall become of age, and then to pay over such funds and the accumulations thereof, to them or to the survivors or survivor of them in equal proportions, share and share ‘alike. It may be conceded that this language, standing by itself, authorized the executors to hold in trust for a longer period than two lives in being at the death of the testator, but that is not the question. The intention being not to suspend the power of alienation unlawfully, is the language susceptible of a construction that will carry out such intention? Nothing is clearer than that if the power to hold and manage said fund is, as to the portion belonging to the three children, a mere power in trust, there is nothing in the clause in contravention of the statute, and it is a power in trust, if the interest vested in the children on the death of their father. I do not find anything in the will inconsistent with such a view of its provisions. The right of the executors to retain in their hands the shares of said children and to invest them from time to time, for a period beyond two lives in being at the death of the testator, and then to pay over the same to the children, is not in violation of the statute, because there are at all times persons in being by whom a valid legal title to the property may be conveyed. (Gilman v. Reddington, 24 N. Y. R. 9.) I have already alluded to the various provisions which speak of the interest of the children as shares belonging to them before any of them attain their majority; and although these shares are spoken of in some cases as shares which will belong to them at a future day, yet these expressions are consistent with an interest vesting at the testator's death, and in the last paragraph of the tenth clause the testator shows that whatever terms he may have used to express his intention in previous clauses, in that he understood that the shares would vest at his death, and that payment only was suspended until the youngest attained its majority. He declares that in case any of said children should die before she shall be entitled to be paid in full the amount coming to her, her share shall go to her issue, if she shall leave any. It was payment only that was future; the share was to vest. It seems to me quite clear that the three minor children are entitled to the residue of the estate; and that the judgment of the court below' should therefore be reversed, and a new trial ordered—costs to abide the event. If the tenth clause should be held void, the two older children of the testator would come in for shares of the residuary estate; and as they have each $500 by the ninth clause, it would follow that an unequal and inequitable distribution of the estate would result. To remedy this, the court below was compelled to put the elder children to their election—thus nullifying wholly the ninth clause in the event they elected to take as next of kin. It is possible that my construction of the will may work as great, or even greater injustice;- but it has one virtue, if no .other, that it permits the testator to distribute his property in accordance with his views of the claims of his children upon him, and gives effect to every clause of his will and does not interfere with any. Selden, Ixgraham, and Davies, JJ., concurred. [DISSENT — Wright, J.,] Wright, J., dissenting (after stating facts). The sole question is whether the disposition of the residue of the testator’s estate ‘ is or is not void for remoteness. Our statutes declare, in respect to real estate, that “ the absolute power of alienation shall not be suspended by any limitation or condition whatever for a longer period than during the continuancé of not more than two lives in being at the creation of the estate” (1 E. S. 728 § 15); and in respect to personal, that “the absolute ownership of personal property shall nof be suspended by any limitation or condition whatever for a longer period than during the continuance and until the termination of not more than two lives' in being at the date of the instrument containing such. limitation or condition, or, if such instrument be a will, for not more than two lives in being at the death of the testator.” (1 R. S. 773, § 1.) Any limitation that may by possibility extend the suspension beyond two specified lives in being at the death of the testator is illegal and void. The possibility at its creation, says Chancellor Kent, that the event on which it depends may exceed, in point of time, the authorized period, is fatal to it. (4 Kent’s Com. 283; Hawley v. James, 16 Wend. 61; Gott v. Cook, 7 Paige, 521; Kane v. Gott, 24 Wend. 641.) The test as to alienability or absolute ownership is, whether there are always persons in being and ascertained by whom an absolute estate in possession can be immediately conveyed. (Gott v. Cook, supra.) The devise and bequest are to the executors in trust, and the direction to convert the real estate into personal, renders it a trust of personal property. The estate is given to the trustees, and neither of the beneficiaries took any legal estate or any legal interest whatever in the residue of the testator’s property, real or personal. After the payment of debts and specific legacies and charges,. the executors were to hold, use and manage the trust fund, and accumulate the same until all of the testator’s three younger children should become of age, and then to pay over such fund, and the accumulations thereof, to them, or to the survivors or survivor of them, or to the children of either who may have died leaving lawful issue, share and share alike. The trust of the residue was, therefore, to continue during the minorities of the testator’s three daughters, and could only terminate by the death of all, or all living should reach their majority, The children for whose benefit the trust was created were all minors at the death of the testator, the youngest being about five years old; and if the trust was of the entire fund, and not three separate trusts for the beneficiaries, and ■ the children did not take equal and several shares under the residuary clause, and an immediate vested interest in their respective shares, the trust term was not limited according to law unless there was an absolute and present gift of the residuary fund in equal and several shares to the beneficiaries, vesting the interest of each in her respective share of such fund, or, in • other words, there was a present gift of an equal undivided third, and a separate trust created for each child, and not a gift to the executors in trust of the entire fund, the ‘absolute ownership of the fund would be suspended for more than two lives in being at the death of the testator. The trustees could not alien or divest the estate from the purposes of the trust, and the children could not, for no absolute interest or ownership would vest in them until all became of age. There being no absolute or perfect. estate given to the children until ,the youngest attained the age of twenty-one years, there would be a suspension of the absolute ownership of the fund during the continuance of the trust. The trust was to continue until the three minor children attained their majorities. It might happen that two of the lives would fall in before all attained their majority; and, it being so, the further continuance of the trust during the residue of the other minority would extend it beyond, two lives. It is clear, therefore, that if there was an entire trust created in the residuum of the testator’s estate, and the respective shares of the three children named as the objects of the testator’s bounty did not vest immediately in severalty upon his death, such trust term would fall within the condemnation of the law of perpetuities in respect to either real or personal estate. I am of the opinion that regarding the provisions of the testator's will generally, and especially those of the tenth clause, bis intention was that the principal of the residue of his estate, together with its accumulations, should be kept entire until all of his three younger children should reach the age of twenty one years, when they were to take such residue with its accumulations; and that whilst a discretion was given to the executors to apply so much of-the income 'as they deemed necessary towards the maintenance of the children, a discretion was also given to apply such income either to maintenance or accumulation. The leading intent seems to have been that the corpus of the estate should not go to the three beneficiaries until all became of age, but should be kept for the purposes of the trust until that event occurred. The trust was certainly to continue during the minorities of all the children, and could only be terminated by the death of all before - reaching majority; and the intention seems to be plain that although they were ultimately to share equally in the residue, it was not until the purposes of the trust had been fulfilled. The capital of the residuum and its accumulations, were to be held'in trust until all of the three children should become of age, with a discretion .in the executors to use the income, and if necessary the principal, for the maintenance and education of each child during her minority, if she should remain unmarried; .to advance to the two eldest upon attaining their majority, in anticipation- of the receipt of their shares at the termination of the trust, such sums as in the discretion of the trustees they might deem advisable and proper; and in the event of either of them being married before the trust was to end, to pay ,to her on account of her share, the sum of five hundred dollars for an outfit, provided the marriage could with reasonable propriety be sanctioned and approved by the executors. Examine for a moment the residuary clause of the will. The interests under it of the beneficiaries are made contingent, and not vested interests. No interest vests in either one of the daughters, or ip. her issue, until the former arrives at majority, or dies leaving issue. The only gift contained in the will is the direction to pay to the daughter at twenty-one, or to her issue, if she dies before then leaving issue, and futurity is of its substance. There is no gift of the interest of the fund to each beneficiary, but principal and interest are blended in the bequest, and the interest on the whole fund if given generally to the three beneficiaries during their three minorities, and not interest on any specific share to either. The fund is regarded and treated as a whole, and the executors are made trustees of the whole, and not of the separate parts for the beneficiaries. The will directs the management and use of the fund as an entirety, and not in distinct shares. The accumulation which it directs is of the interest on the whole fund as an entirety, and is to continue until the happening of the event upon which payment depends, that is, the majority of the youngest daughter. The income of the whole residue, and if necessary the principal, is to be.used for the education and support of all" the children, during the whole period of the trust, and for the last minor, after the interests of the two elder have vested, as well as for the others, and while all are minors. Whatever moneys are expended by the trustees in the education and support of the three children, are expressly directed to be taken from and charged upon the entire fund. The directions to the executors to make advances to the two elder daughters after attaining their majority, in anticipation of the recéipt by them of their shares, does not affect the question of the singleness of the fund or of the trust, it being simply a direction to charge those advances upon the shares to which the daughters may become entitled, if the events happen which are to give them title. The same rerqark applies to the direction to advance marriage portions to the daughters. The direction to charge these portions against each child only refers to the event of such child taking a share of the fund, and does not vest what is still contingent and uncertain. Taken together, the whole of the tenth clause of the will creates not three distinct trusts, hut a single fund, and one entire trust, and suspends the absolute ownership of the trust fund until the arrival of the period and the happening of events calling for the vesting and payment of the shares of the cestui que trusts. There are not now, persons in being who can make a complete and absolute title to the fund. No such title could be made, to any interest in it while all the children are minors, nor to the whole of it while any of them are under age. It could not be effected by an assignment or conveyance even of all the daughters, as one might die leaving issue before attaining majority, and such issue would not be barred, and their mother’s share would go to them, and not to the surviving sisters. • This might happen on the last day of the trust term, or on the last day of the minority of the daughters. It is said that the last paragraph of the tenth clause oí the'will,, which disposes of the residue, is totally irreconcilable with, and cannot possibly stand with the third paragraph; and to prevent the failure of both from uncertainty, the one last in local position must prevail as denoting a subsequent intention, and the other be sacrificed. But there is no such repugnancy. Construing the tenth clause as a whole, it is, .in substance and effect, a direction to pay over the fund at the termination of the trust to the survi vars or survivor .of the testator’s three daughters, or to the children of either who may have died leaving lawful issue, share and share alike. The direction in the eighth para graph of the tenth clause is, that if any of the three chil' dren shall die before-she shall become entitled to be paid in full the amount coming to her for her' share (that is, before the youngest reaches the age of twenty-one years), and shall leave lawful issue, her share shall immediately belong to, and go to such issue; but if she shall so die without such issue, then her share shall go to the survivors or survivor of the three daughters. The share which will belong to the issue of" either of the children (if either should die before twenty-one leaving issue), will not be payable until the period fixed in the will, viz: the majority of the "youngest child. The direction is for the vesting, but not'the payment of the share on a death leaving issue. The actual and entire interest of each daughter cannot be ascertained until the period fixed for distribution arrives. If two of the daughters should die successively under age, and without issue, by the death of the first her share would survive in moieties to the two surviving; and on the death of the second not only the original, but the accrued interest would survive to the third, so that she would take the whole. This is clearly the testator’s meaning. He did not intend intestacy as to any part of the residue. But this could only be affected by regarding and treating the legacies as an aggregate fund divisible among a class of persons at a definite period. If these were separate bequests of distinct interests in the residue, an accrued share could not survive. (Worlidge v. Churchill, 3 Brown’s Ch. C. 465.) I concur, therefore, with the supreme court in the opinion that this residuary bequest suspended the" absolute ownership during the three lives of the three youngest daughters of the testator. There is an entire trust of the residue to continue for three lives, with the absolute ownership of the fund suspended during its continuance. There are-no provisions of the tenth clause of the will (except perhaps the appointment of the executors as testamentary guardians), • which do not necessarily depend on this trust. The case of Gilman v. Reddington (24 N. Y. R. 9) was not unlike the present in many material respects. There was a trust to the executors to manage and apply the residue of the testator’s estate, real and personal, or the income thereof, or so much of the estate or income as they should see fit in the exercise of a sound discretion to the.education and support of his three infant children, or of such of them as should survive, or of the issue of any that might die, until the two youngest should attain the age of thirty years, or until those two children should be dead; at which time the trust estate was directed to “be paid, conveyed, or made over” to the said three children, or such of them as should then survive, or to the issue then living of such as might be dead, in equal proportions. So that the issue might have the share, of the parent. The executors were appointed the guardians of the children with direction to take the care and superintendence of their education, and they were also directed to take the whole care of their property, and to keep it well invested for their benefit, with a discretion to invest not more than half in productive real estate. In no other part of the will was anything given to the children. It was held that the absolute ownership of the fund was suspended, during the continuance of the trust, but the devise was sustained because the trust terminated at the end of two lives, while here it is to continue for three lives. It is urged that as it was the general and principal intent of the testator to give the whole of the residue of the trust fund in the hands of the executors, and the accumulations thereof, to such of his three younger children .as should be living at his decease—and that each child, during her minority, should be supported and educated, by the executors while acting as her testamentary guardians, out of the income of the trust fund, if sufficient for the purpose, and if not, the deficiency to be taken from the principal—we should in effect make a new will for the testator, by declaring that he did not mean to postpone the vesting of the interests of the beneficiaries in the fund until the youngest child should reach her majority, but that each child took a distinct and separate interest in the fund at the testator’s death. But we cannot alter the will, if we were inclined to do so. How can we say that he did not intend to postpone the period of vesting of the whole trust fund until his youngest daughter, Alice, should reach her majority? It is probable that if he had been informed that, he could not limit a trust of the residue of his estate upon the lives of this three daughters, he would have limited it differently. Yet, still it is very apparent that a leading and prominent purpose of the testator was that the residuary trust fund, as an entirety, should be employed for the maintenance and education of his three daughters, until the youngest (who was but four years old when the will was made) should come of age. Undoubtedly the testator intended that the three children should take like shares in the fund, but the intention is equally manifest that .the talcing should be postponed during their minorities. I think the bequest of the residuary estate of the testator was so limited as to create a perpetuity. The judgment of the supreme court should be affirmed. Johnson and Hogeboom, JJ., concurred with Weight, J. Judgment reversed.