Sign In
Events
Newsletters
Search

Close

Close Search

Cancel

SEARCH
MY LAW.COMNEW

Matter of Estate of Wolf

Trustees to Determine What is Reasonable Time Trust Provision Deemed Satisfied or Lapsed

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

*1 This is an uncontested petition by the widow of Charles Wolf (“testator”) as executor of his estate and co-trustee of trusts under his will. The petition, as amended, asks for both construction and reformation of certain provisions of the will.Testator died on October 10, 2015, leaving an estate valued at approximately $5.75 million. Under Articles SECOND through SIXTH(A) of his will, there are several pre-residuary bequests, some outright and others in trust. Harvard College, which is given beneficial interests under Articles THIRD through FIFTH and SIXTH(B), is sole residuary beneficiary under Article SEVENTH.Issues as to Article FOURTH:One of the two testamentary provisions as to which the petition seeks relief is Article FOURTH, which in relevant part provides as follows:“I hereby give…to my Trustee[s]…IN TRUST…an amount equal to four times the annual tuition charged by Harvard University at the time of my death and direct my Trustee[s] to hold said amount…for the benefit of [my step-grandson], to manage…the same,…and…to pay the following charges:(a)…his full tuition charges for each year if [he] is accepted into Harvard College and attends;(b)…one half of his tuition charges if [he] is accepted into Stanford University (California) or Princeton University (New Jersey) and attends. Should [he] not…attend any of the above-mentioned educational institutions…this bequest…shall lapse and the funds shall become part of my residuary estate.”The step-grandson enrolled as an undergraduate at McGill University in 2014. But petitioner

*2

Trending Stories

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

LEARN MORE

More From ALM

Premium Subscription
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Team Accounts
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Bundle Subscriptions
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
Go to CLE Center
New York Legal Awards 2024
September 05, 2024
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.


Learn More
Elite Trial Lawyers 2024
July 11, 2024
New York, NY

The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs.


Learn More
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - July 24, 2024
Lake Tahoe, CA

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.


Learn More
Go to Events Go to Webcasts
INSURANCE COVERAGE ASSOCIATE

McCarter & English, LLP is actively seeking a midlevel insurance coverage associate for its Newark, NJ and/or Philadelphia, PA offices. ...


Apply Now ›
BANKRUPTCY & COMMERCIAL LITIGATION ASSOCIATE

McCarter & English, LLP, a well established and growing law firm, is actively seeking a talented and driven associate having 2-5 years o...


Apply Now ›
Attorney

Prominent Insurance Defense/Personal Injury litigation law firm located in the Financial District in NYC is seeking attorneys with all level...


Apply Now ›
Go to Lawjobs
Lawyers of Distinction
06/27/2024
The American Lawyer

Professional Announcement


View Announcement ›
SMGQ Law
06/21/2024
Daily Business Review

Full Page Announcement


View Announcement ›
Blume Forte Fried Zerres & Molinari
06/14/2024
New Jersey Law Journal

Professional Announcement


View Announcement ›
Go to Professional Announcements