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William D. TABOR, Appellant, v. Mary Jane Tabor BRISTOL and Robert Burton Bristol, Respondents.
Supreme Court erred in holding that the consent of Mary Jane Tabor Bristol (defendant) was required for revocation of two trusts. Plaintiff, settlor of the trusts and sole owner of the trust properties, reserved to himself the right to revoke the trusts (see, 106 N.Y. Jur 2d, Trusts, § 537, at 580). The designation of defendant in each of the declarations of trust as a joint owner of the properties and as the second settlor was clearly an error because defendant possessed no legal or equitable interest in the properties. The quitclaim deeds, which conveyed plaintiff's interest in the properties to plaintiff and defendant as trustees under the terms of the declarations of trust, conveyed to defendant only a fiduciary interest in the properties (see, Tomosky v. City of Bradford, McKean County, Pa., 198 A.D.2d 729, 730, 604 N.Y.S.2d 617; Railroad Fed. Sav. & Loan Assn. v. Wolchyk, 251 App.Div. 568, 571, 296 N.Y.S. 843). Consequently, plaintiff is entitled to a declaration that he is the sole owner of the two parcels of real property referred to by the parties as the “Fisk Place” and the “Lake Property”.
Order unanimously reversed on the law without costs, cross motion denied, motion granted and judgment granted.
MEMORANDUM:
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Decided: February 07, 1997
Court: Supreme Court, Appellate Division, Fourth Department, New York.
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FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
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