a thesis - Institute of Advanced Legal Studies
a thesis - Institute of Advanced Legal Studies
a thesis - Institute of Advanced Legal Studies
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CONSTRUCTION OF EXPEESS TRUSTS. 71<br />
the trust would seem to be an executed one. See Brett, L. C. Eq.<br />
3rd ed. 38.]<br />
5. A. devises [s/c] 1,000/. to trustees to be laid out in the purchase<br />
<strong>of</strong> lands, and to be settled on B. for life without impeachment<br />
<strong>of</strong> waste, and from and after the determination <strong>of</strong> that estate to<br />
trustees to preserve contingent remainders, remainder to the heirs<br />
<strong>of</strong> the body <strong>of</strong> B., remainders over with power to B. to make a<br />
jointure. This is an executory trust, and B. is entitled to an estate<br />
for life merely. Papillon v. Voice (1728), 2 P. Wms. 470.<br />
6. A. devises land to trustees in trust to sell, and thereout to<br />
purchase other lands or stock and to permit B. to receive the<br />
interest and pr<strong>of</strong>its for life, and after A.'s decease to permit C. to<br />
receive the interest and pr<strong>of</strong>its during his natural life, and after his<br />
decease then in trust for the use <strong>of</strong> the issue <strong>of</strong> the body <strong>of</strong> B.<br />
lawfully begotten. From the terms <strong>of</strong> the will it appears that B.<br />
is intended to take a life estate only. B. is entitled to a life estate<br />
only and not to an estate tail. Meure v. Meure (1737), 2 Atk. 265.<br />
7. A. devises land to trustees upon trust on the marriage <strong>of</strong> B.,<br />
to convey it with all convenient speed to the use <strong>of</strong> B. for life sans<br />
tvaste, voluntary waste in houses excepted, remainder to her husband<br />
for life, remainder to the issue <strong>of</strong> her body with remainders<br />
over. This is an executory trust (p. 9), and the conveyance must be<br />
to B. for life with remainders in strict settlement. Glenorchy v.<br />
Bosvitte (1733), Gas. t. Talbot, 3.<br />
8. A. by his will directs his trustees to convey freeholds in trust<br />
for the separate use <strong>of</strong> his daughter B. for and during the term <strong>of</strong><br />
her natural life, and so as she alone or such person as she shall<br />
appoint shall take and receive the rents and pr<strong>of</strong>its there<strong>of</strong>, and so<br />
as her husband is not to intermeddle therewith; and from and after<br />
her decease in trust for the heirs <strong>of</strong> the body <strong>of</strong> B. This is an<br />
executory trust, and B. takes an estate for life only. Roberts v.<br />
Dixwell (1738), 1 Atk. 606.<br />
9. A. bequeaths personal estate to trustees upon trust to lay out<br />
the same in the purchase <strong>of</strong> land, to be settled and assured as counsel<br />
shall advise for the use <strong>of</strong> B. and his issue in tail male to take in<br />
succession and priority <strong>of</strong> birth; remainders over. This is an execu-