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Final Accounting of Shenkman

Appellate Division of the Supreme Court of New York, First Department
Jan 29, 2002
290 A.D.2d 374 (N.Y. App. Div. 2002)

Opinion

74

January 29, 2002.

Decree, Surrogate's Court, New York County (Eve Preminger, S.), entered on or about June 21, 2001, which dismissed objectant's objections and settled the final account of the subject trust, unanimously affirmed, without costs.

David Elliot Jacoby, for petitioners-respondents.

Donald Novick, for objectant-appellant.

Before: Nardelli, J.P., Andrias, Saxe, Ellerin, Marlow, JJ.


The subject trust instrument permits objectant's testator to exercise a general power of appointment over all remaining trust property "by a will specifically referring to this general power of appointment," and directs the trustees to distribute all such property "not effectively appointed" in a manner not here relevant. Objectant's testator's will gave objectant all of his tangible property, including "any trust . . . over which I may have a power of appointment, general or otherwise". The Surrogate correctly held that under EPTL § 10-6.1(b), the general reference in objectant's testator's will to powers of appointment was ineffective to exercise the specific power granted in the trust instrument. We reject objectant's argument that EPTL § 10-6.1(b) is not triggered unless the donor of the power of appointment expressly states not only that an instrument must specifically refer to the power but also that the appointment shall be ineffective absent such a reference (cf., Matter of Hamilton, 190 A.D.2d 927, 927-928). We also reject objectant's argument that a general reference is ineffective only when contained in a will's residuary clause, rather than, as here, a separate, pre-residuary clause. Assuming, arguendo, that the affidavit of the attorney drafter of objectant's testator's will is admissible, the testator's intent is irrelevant where, as here, the donor made clear that an exercise of the power of appointment would be effective only by specific reference thereto (see, id.).

THIS CONSTITUTES THE DECISION AND ORDER OF THE SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT.


Summaries of

Final Accounting of Shenkman

Appellate Division of the Supreme Court of New York, First Department
Jan 29, 2002
290 A.D.2d 374 (N.Y. App. Div. 2002)
Case details for

Final Accounting of Shenkman

Case Details

Full title:FINAL ACCOUNTING OF BARRY SHENKMAN, ET AL., AS TRUSTEES ETC., OF JACOB…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Jan 29, 2002

Citations

290 A.D.2d 374 (N.Y. App. Div. 2002)
737 N.Y.S.2d 39