
    Matter of the Estate of Henry C. Andrews, Deceased.
    (Surrogate’s Court, New York County,
    October, 1898.)
    Ademption — Specific legacy not adeemed by a sale where the legatee is to take “ the proceeds thereof when realized ”,
    A testator whose trustee, John R. Bartlett, held for him four shares in the Passaic Water Enterprise, disposed of them by specific legacies in his will and then provided “ I authorize and direct said Bartlett to transfer to said persons said shares or the proceeds thereof when , realized in the same manner as the said shares would have been to me ”. It would seem that the testator sold the shares in his lifetime.
    Held, that, if evidence should be furnished of an actual sale of the shares, and of the sums realized thereby, the specific legacies would not be adeemed by the sale, but that the legatees would take the proceeds under the words “ or the proceeds thereof when realized ”.
    Appeal from report of appraisers in proceedings -under Collateral Inheritance Tax Law. Facts appear in memorandum.
    Niles & Johnson, for (residuary legatees) appellants.
    Edgar J. Levy, for comptroller.
   Fitzgerald, S.

This is an appeal by the residuary legatees. The ground of the appeal is that the appraiser erroneously determined the legatees under ' the will. The portion of the will pertinent to the present inquiry is as follows: “ I also give her (Kate M. Jenkins) one share out of the four owned by me, of the Passaic Water Enterprise, so called, which four shares are held in trust for me by John R. Bartlett. I give to my cousin another of said shares, and to my aunt, S. O. C., another of said shares, and to my cousin, S. B: C., the other share in said enterprise, and I authorize and direct said Bartlett to transfer to said persons said shares or the proceeds thereof when realized, in the same manner as the said shares would have been to me. * * * All the rest, residue and remainder of my estate I give to F. V. Q-. and 0. G., share and share alike.” Appended to the will is an unattested writing as follows: “ -Having sold the shares above mentioned, I give in lieu of each, share.the sum of $10,000 to each of the persons above mentioned as receiving a share, i. e., to Miss Jenkins $10,000 in addition to the 1,500 above given her, to Mrs. Chute $10,000, to Miss Chute $10,000, and to Mrs. Skinner $10,000. The Misses Gibbens having married, I give all the residue of my estate to the following in equal shares, viz.: the children of Alice Skinner, Nellie Bacon, daughter of Mrs. Ellen Bacon. (Signed.) Henry C. Andrews.” It was suggested upon the oral argument that the shares in the Passaic Water Enterprise had been exchanged for bonds of that concern, and among the assets appearing in the schedule, which forms a part of the appraiser’s report, are thirty-eight bonds of said company, valued at $39,700. There is no evidence, however, in the papers attached to the appraiser’s report to sustain such claim, and the unattested writing following the will would seem to indicate that an out-and-out sale of the said shares had been made by the testator during his lifetime. The appraiser divided the estate apparently according to the terms of the unattested paper writing, and it is urged that the words in the will, or the proceeds thereof, when realized,” support his theory of distribution. Upon the part of the appellants it is claimed that the bequests of the four shares of the Passaic Water Enterprise were adeemed by the sale thereof during the lifetime of the testator, the legacies being specific. It is unquestionably true that were it not for the words, or the proceeds thereof, when realized,” the legacies referred to would be specific and their sale during the lifetime of the decedent would result in their ademption. The only evidence we have as to their sale is that contained in the unattested writing at the foot of the will. It is, of course, superfluous to say that the attempted disposition by this unattested instrument is ineffectual, and can have no force other than as evidence that the shares had been sold. It is my opinion, however, that if evidence can be furnished of the actual sale of these shares and the sums realized therefor,, the terms of the will will carry the proceeds in the shares specified in the will to the legatees. The matter is remitted to the appraiser for the purpose of introducing evidence upon this subject.

Decreed accordingly.  