In Re Ransome, Decd Moberly v Ransome

Subject Matter

WILL — Construction — “Children” — Whether limited to children in esse — Contingent gift — “Upon youngest child of R. attaining 21 to such of the children of R. as shall then be living” — Policy favouring early vesting — Whether applicable.

WILL — Construction — Codicil — Revocation — Direction to accumulate — Invalidity — Destination of income — Under will or as on intestacy.

TRUST AND TRUSTEE — Maintenance after 21 — Exclusion of section of Trustee Act — Contrary intention — Direction to accumulate income — Effect of invalidity of direction — Will — Trustee Act, 1925 (15 Geo. 5, c. 19), ss. 31 (1) (ii), 69 (2).

ACCUMULATION — Invalid direction to accumulate income — Period too long — Period to be substituted — Will — Law of Property Act, 1925 (15 Geo. 5, c. 20), s. 164 (1).