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WATSON v. BROWER

40 N.J. Super. 491 (1956)

123 A.2d 588

WILLIAM W. WATSON, SCHUYLER E. TYLEE, AND UNITED STATES TRUST COMPANY OF NEW YORK, EXECUTORS AND TRUSTEES UNDER THE LAST WILL AND TESTAMENT OF JACQUES WOLF, DECEASED, PLAINTIFFS, v. FRED BROWER, JEROME PAYET, ET ALS., DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided June 25, 1956.

Attorney(s) appearing for the Case

Mr. Charles B. Alling, attorney for plaintiffs.

Messrs. Gardner & Williams, attorneys for defendants Passaic-Clifton National Bank and Trust Company, trustee of the Jacques Wolf & Co. Employees Trust Fund, Jacques Wolf & Co., George Pipling, and Fred Brower.

Mr. Milton B. Levin, attorney for Joseph Lang, Class 1, and Class 2, defendants.

SULLIVAN, J.S.C.

Jacques Wolf died on January 26, 1954, a resident of Essex County, New Jersey, and his last will and testament has been admitted to probate by this court. Under paragraph Seven, clause 5 of said will, a trust of approximately $350,000 was set up to pay a pension of $125 per month to each employee of Jacques Wolf & Co., in the employ of said company at the date of decedent's death, "who may hereafter retire after having served with said Company...

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