A bequeaths the whole of his property to B on trust to pay certain debts out of the income, and then to…
Illustration (v) to section 119 holds that "At A's death the gift to C becomes vested in interest in him." Payment of the debts only postpones C's possession of the fund.…
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A bequeaths the whole of his property to B on trust to pay certain debts out of the income, and then to make over the fund to C. When does the gift to C become vested in interest?
Answer and explanation
Correct answer D
Illustration (v) to section 119 holds that "At A's death the gift to C becomes vested in interest in him." Payment of the debts only postpones C's possession of the fund. Under section 119, a right to receive the thing at the proper time vests on the testator's death unless the will shows a contrary intention.