Executors were directed to apply a competent part of the interest of a fund towards the maintenance and education of the testator’s son, during his minority, and accumulate the rest; and, after attaining twenty-one, to apply a moiety of the dividends for his support till he attained twenty-five, and to transfer the fund at twenty-five, with a gift over if he died between twenty-one and twenty-five. The son attained twenty-one between the periods of paymerit of the half-yearly dividends. Held, that there should be no apportionment, and that he was entitled to the whole half-yearly dividend received after he came of age.
Citations:
[1844] EngR 536 (A), (1844) 7 Beav 482
Links:
Jurisdiction:
England and Wales
Trusts
Updated: 02 May 2022; Ref: scu.305128
