Opinion
No. 3764.
December 2, 2010.
Order, Supreme Court, New York County (Alice Schlesinger, J.), entered October 5, 2009, which, upon reconsideration, adhered to an interpretation of the parties' settlement stipulation as requiring respondent to pay petitioner the $35,000 differential in the value of two parcels of property from her own personal funds, rather than from trust funds, unanimously reversed, on the law, without costs, and it is directed that the $35,000 be paid from trust funds.
Law Office of Kathy L. McFarland, Woodstock (Kathy L. McFarland of counsel), for appellant.
Law Offices of Allan E. Kirstein, New York (Allan E. Kirstein of counsel), for respondent.
Before: Tom, J.P., Friedman, DeGrasse, Freedman and Manzanet-Daniels, JJ.
The trust instrument unambiguously required the trustee to divide principal distributions into "equal parts" and gave the trustee discretion to allot trust assets among remainderman shares to fulfill this requirement ( see Matter of Matthews Trust No. 1, 61 AD3d 511, 512, lv denied 13 NY3d 702). The trust provisions are not altered by the parties' stipulation of settlement ( see EPTL 7-2.4; Matter of Wallens, 9 NY3d 117, 122; Rosner v Caplow, 90 AD2d 44, 49, affd 60 NY2d 880).