Hearings
England & Wales
09 Nov 1961 [1962] Ch 355; [1961] 3 WLR 1348; [1961] 3 All ER 1067, CA
In re Petrie
Subject Matter
ADMINISTRATION OF ESTATES — Time when beneficiary entitled to payment — Executor's year — Will — ”When residue is realised”
[1962] Ch 355; [1961] 3 WLR 1348
PERPETUITY RULE — Time of vesting — Gift “when the residue of my estate is realised” — Time of realisation — Whether executor's year — Whether completion of administration — Whether gift void for perpetuity
[1962] Ch 355; [1961] 3 WLR 1348
WILL — Construction — Date of vesting — Direction to realise and divide residue — Gift of share to any “National Appeal which may exist at the time when the residue of my estate is realised as aforesaid” — No power to postpone realisation — Whether perpetuity rule infringed