Estate of Catherine E. Dowell, Deceased, Patricia Low, Executrix - Page 21

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          experience of mankind, to assist the court in finding the                   
          testator's intent."  Fidelity Union Trust Co. v. Robert, 67 N.J.            
          Super. 564, 574, 171 A.2d 348, 354 (1961).                                  
               3.   Application of New Jersey Law                                     
               We shall be mindful of the New Jersey Supreme Court's                  
          language in Engle v. Siegel, supra, and start with the will to              
          ascertain decedent's intent.  Decedent herself drafted the                  
          language whose interpretation is questioned.  Her will stated:              
          "I give, devise and bequeath all of my stock * * * to my                    
          daughter", which clearly states an intent to make a bequest of              
          decedent's stock; the present tense is used.  The second part of            
          the sentence, "with the understanding that she will pay to my               
          son" indicates action that must be taken in the future, after the           
          daughter had inherited the stock; the future tense is used.                 
          However, the exact meaning of the expression "with the                      
          understanding" is sufficiently ambiguous that it is appropriate             
          to examine extrinsic evidence.  Wilson v. Flowers, 58 N.J. 250,             
          263, 277 A.2d 199, 207 (1971).                                              
               At the time the codicil was drafted, decedent wanted two               
          things:  (1) For her daughter to own all of the agency stock, and           
          (2) for her daughter to pay for one-half of decedent's stock.5              
          Our will construction problem is caused by her daughter's failure           


               5  The daughter's obligation to make payments under the                
          agreement was forgiven by decedent on her deathbed, after the               
          codicil had been drafted.                                                   




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