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SUSSMAN v. SUSSMAN

47 N.Y.2d 849 (1979)

Michael Sussman et al., Appellants, v. Faith A. Sussman et al., as Personal Representatives of The Estate of George F. Dembow, Deceased, Respondents, et al., Defendant.

Court of Appeals of the State of New York.

Decided June 5, 1979.

Attorney(s) appearing for the Case

Frederick J. Martin and Raymond M. Planell for appellants.

William J. Greer, Otto C. Jaeger and Emery M. Anderson for respondents.

Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, WACHTLER and FUCHSBERG concur in memorandum.

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

The document executed on January 20, 1969 by decedent, George F. Dembow, evinces at most an intention to make a future donative transfer of the proceeds of unspecified securities to certain grandchildren, then infants under 21 years of age. Neither the bonds nor their proceeds were ever physically delivered to the custodian of the grandchildren...

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