27 A. 224 | N.H. | 1891
It is unnecessary to determine whether the widow, under the residuary clause, took an absolute estate as claimed by the defendants, or an estate for life enlarged by the addition of a right or power to use and dispose of the principal as she saw fit. Burleigh v. Clough,
While the ordinary rule is, that if a testator makes a general bequest of all his property or the residue, to one for life with remainder over, and the property consists in part of perishable personal property the perishable property should be converted by the executor into permanent securities and the income only be paid to the life tenant, the rule is not applied in a case like this, where the testator intended the life tenant should enjoy the property in specie. Healey v. Toppan,
Although she did not qualify as executrix, she appears to have fully administered the estate in accordance with the provisions of the will. She took possession of the property, and paid the debts and general legacies. If she had given a bond as executrix, that would not have caused a different disposition of the property, nor secured the performance of additional duties in respect to it, except the filing of an inventory and the settlement of all account. The bond would not have protected the remaindermen against the unauthorized, negligent, or fraudulent use or disposal of the property while in her possession as life tenant, for the executrix would not be responsible to the remaindermen for the preservation of the property after it passed into the possession of the life tenant. Lynde v. Estabrook, 7 Allen 68, 72; Weeks v. Jewett, supra. If the testator's brothers had an interest in the residue as remaindermen, their interest could be protected whether the executrix's official duty to file a bond and inventory was performed or not. They could compel her, by a suit in equity, to file an inventory of the property in which they were interested, and thus insure their protection against her misuse or misappropriation of it. 2 Kent Com. 354; Westcott v. Cady, 5 Johns. Ch. 334; Langworthy v. Chadwick,
The testator's estate having been settled, and his property having gone to those who were entitled to it, and would have received *434
it if all the requirements of the law had been complied with, the settlement cannot be disturbed. Hibbard v. Kent,
Exceptions overruled.
CARPENTER, J., did not sit: the others concurred.