- 44 - estate assets. Petitioners further point out that use of the fairly representative method of funding would convert the hybrid pecuniary bequest into a fractional bequest, which would conflict with Mr. de St. Aubin's express intent. Respondent argues that Mr. de St. Aubin's overriding intent, judged from a review of his entire estate plan, was to provide for his widow. On this basis, respondent contends that, under the circumstances that unfolded, decedent was entitled to share in the appreciation of the estate assets. In construing any will under New York law, the fundamental rule is to ascertain the intent of the testator from a sympathetic reading of the will in its entirety. In re Kosek's Will, 294 N.E.2d 188, 191 (N.Y. 1973); In re Larkin, 172 N.E.2d 555, 557 (N.Y. 1961); In re Fabbri's Will, 140 N.E.2d 269, 271 (N.Y. 1957). Such intent is to be gleaned from the four corners of the will. In re Cord, 449 N.E.2d 402, 404 (N.Y. 1983); In re King, 603 N.Y.S.2d 827, 827 (App. Div. 1993); In re Knapp, 500 N.Y.S.2d 804, 804 (App. Div. 1986). As explained above, Mr. de St. Aubin created a hybrid pecuniary bequest with a floor to fund the marital trust. Article Sixth of his will provides that "the total value of such cash and/or property [used to fund the Marital Trust]Page: Previous 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Next
Last modified: May 25, 2011