Imatges de pàgina
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WILLS.

Strict Limitations. (Full Form.)

term, or by both of those means, raise and levy such sum and sums of money as shall be necessary for paying so much of my debts, legacies, funeral and testamentary charges as my personal estate, not specifically bequeathed, may happen to fall short in payment of, and do and shall apply such money so to be raised in discharge thereof accordingly, and subject thereto, upon trust, &c.

Residue to be

applied in

Bequest of Residue for finishing Erections, and invest Surplus in Funds for a Child.

AND as to all my goods, chattels, and personal finishing build- estate, not by this my will specifically disposed of, I give the same unto them the said

ings.

Surplus for

benefit of a son.

and

their executors, administrators, and assigns, upon trust, in the first place to pay there out all my just debts, (including all such groundrents and premiums of insurance as may be owing from me at the time of my death) and my funeral and testamentary charges; and in the next place, the pecuniary legacies given by this my will; and after making all such payments, to lay out so much of the residue as may be necessary in finishing any messuages or other buildings which may happen to be building by me on the said vacant ground at the time of my death; and to lay out the surplus, if any, in the purchase of three per cent. consolidated bank annuities, in the names of them the said trustees, or the survivors or sur

vivor of them, or the executors or administrators
of such survivor; and as to such bank annuities,
I will and direct that they the said trustees or
trustee thereof for the time being, do and shall
place out the dividends or interest arising there-
upon, from time to time, until my said son
shall attain the age of twenty-one years, (or in
case he shall die before that age, until the period
shall arrive when he would, if living, have attained
that age) in the purchase of like annuities, so as
to cause as great an accumulation of stock as may
be; and when and so soon as my said son

shall attain the said age, or the period shall arrive
when he would, if living, have attained that age,
then to transfer one third part of such bank an-
nuities as shall have been so purchased as afore-
said, unto my said son
his executors or
administrators; one other third part unto my said
his executors or administrators; and
one other third part unto my said daughter
her executors or administrators.

son

WILLS.

Strict

Limitations. (Full Form.)

WILLS.

Strict Limitations. (Full Form.)

Accumulation

act.

No person by deed or will

to settle or dis

pose of any

the rents or

produce shall

accumulate

in being, &c.

Abstract of 39 and 40 Geo. III. c. 98, usually called the Accumulation Act.

THE act recites that it is expedient that all dispositions of real or personal estates, whereby the profits and produce thereof are directed to be ac cumulated, and the beneficial enjoyment thereof is postponed, should be made subject to the restrictions thereinafter contained, it is therefore enacted:

Sect. 1. That no person or persons shall, after the passing of the act, by any deed or deeds, surproperty so that render or surrenders, will, codicil, or otherwise howsoever, settle or dispose of any real or perlonger than lives sonal property, so that and in such manner that the rents, issues, profits, or produce thereof, shall be wholly or partially accumulated for any longer term than the life or lives of any such grantor or grantors, settler or settlers, or the term of twentyone years from the death of any such grantor, settler, devisor, or testator, or during the minority or respective minorities of any person or persons who shall be living, or in ventre sa mere at the time of the death of such grantor, devisor, or testator, or during the minority or respective minorities only of any person or persons who, under the uses or trusts of the deed, surrender, will, or other assurances, directing such accumulations, would, for the time being, if of full age, be entitled unto the rents, issues, and profits, or the interest, dividends, or annual produce so directed

to be accumulated; and in every case where any accumulation shall be directed otherwise than as aforesaid, such direction shall be null and void, and the rents, issues, profits, and produce of such property so directed to be accumulated shall, so long as the same shall be directed to be accumulated contrary to the provisions of this act, go to and be received by such person or persons as would have been entitled thereto, if such accumulation had not been directed.

Sect. 2. That nothing in the act shall extend to any provision for payment of debts of any grantor, settler, or devisor, or other person or persons, or

to any provision for raising portions for any child or children of any grantor, settler, or devisor, or any child or children of any person taking any interest under any such conveyance, settlement, or devise, or to any direction touching the produce of timber or wood upon any lands or tenements, but that all such provisions and directions may be made and given as if the act had not passed.

WILLS.

Strict

Limitations. (Full Form.)

Act not to exsion for pay

tend to provi

ment of debts,

or raising por

tions, or the

produce of

timber.

Nor (sect. 3) shall the act extend to Scotland. Scotland. Nor (sect. 4) to wills made before the passing

the act, unless the testator be living.

WILLS.

Small Estates and Property in Trade.

No. II.

A Will of Real and Personal Estates, adapted more particularly to the Circumstances of a Merchant or Person in Trade.

With Variations including a variety of common Bequests and Provisions.

burial.

Bequest of furniture and

THIS IS THE LAST WILL AND TESTAMENT of me

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I desire that my

Directions for (the testator) of, &c. body may be interred at without any unnecessary pomp or expense, or at such other place as my executors may think convenient and proper for that purpose. In the first place I give, devise, legacy to wife. and bequeath all and singular the household furniture, books, linen, wearing and other apparel, plate, china, glass, wines, liquors, and other the goods and effects of a like sort or kind, which I shall be possessed of at the time of my decease, dear wife, her executors, administrators, and assigns, absolutely to and for her own proper use and benefit and disposal. AND I also give and bequeath unto my said dear wife, the sum of £ to be paid unto her within three calendar months next after my decease. I also give and bequeath unto, &c. &c. (legatees), the sum of

Bequest of legacies.

unto my

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