FREE BOOKS

Author's List




PREV.   NEXT  
|<   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38  
39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   >>   >|  
before you come into absolute possession of your estate is a limited one. As by the terms of the will we are to hand over our trust when you have reached the age of twenty-one, there are only seven years to expire. But till then, though I should gladly meet your wishes if I could, I must adhere to the duty which I have undertaken. At the expiration of that period you will be quite free to divest yourself of your estate without protest or comment of any man. Having now expressed as clearly as I can the limitations by which I am bound with regard to the corpus of your estate, let me say that in any other way which is in my power or discretion I shall be most happy to see your wishes carried out so far as rests with me. Indeed, I shall undertake to use what influence I may possess with my co-trustees to induce them to take a similar view of your wishes. In my own thinking you are quite free to use your own property in your own way. But as, until you shall have attained your majority, you have only life-user in your mother's bequest, you are only at liberty to deal with the annual increment. On our part as trustees we have a first charge on that increment to be used for purposes of your maintenance, clothes, and education. As to what may remain over each half-year, you will be free to deal with it as you choose. On receiving from you a written authorization to your trustees, if you desire the whole sum or any part of it to be paid over to Miss Janet MacKelpie, I shall see that it is effected. Believe me, that our duty is to protect the corpus of the estate, and to this end we may not act on any instruction to imperil it. But there our warranty stops. We can deal during our trusteeship with the corpus only. Further, lest there should arise any error on your part, we can deal with any general instruction for only so long as it may remain unrevoked. You are, and must be, free to alter your instructions or authorizations at any time. Thus your latest document must be used for our guidance. As to the general principle involved in your wish I make no comment. You are at liberty to deal with your own how you will. I quite understand that your impulse is a generous one, and I fully believe that it is in consonance with what had always been the wishes of my sister. Had she
PREV.   NEXT  
|<   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38  
39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   >>   >|  



Top keywords:
wishes
 

estate

 

trustees

 

corpus

 

increment

 
liberty
 

general

 

remain

 

instruction

 

comment


impulse

 

receiving

 

understand

 

choose

 
authorization
 

desire

 

written

 
consonance
 
sister
 

purposes


generous
 

education

 
maintenance
 

clothes

 

involved

 

authorizations

 

instructions

 

imperil

 

warranty

 

trusteeship


Further

 
unrevoked
 
charge
 

principle

 

Believe

 

effected

 

MacKelpie

 

protect

 

guidance

 

latest


document

 

influence

 

expiration

 

period

 
undertaken
 

adhere

 

gladly

 
divest
 
expressed
 

Having