Page: 450↓
Subject_Trust.—
In winding up the trust-estate of a testator, it is necessary for the trustees to invest the residue in precise conformity with the directions of the truster.
This was a case of a special nature, regarding the import of certain clauses in a trust-settlement and relative codicil, and involving a question of fee or liferent. In winding up the trust, the trustees raised a multiple poinding for determining how to pay or invest the residue, so as to give effect to the provisions of the truster. The Lord Ordinary found, that a certain claimant had a right of liferent only; but the Court recalled the interlocutor, to the effect of remitting to the Lord Ordinary to ordain the trustees to invest the residue in precise conformity to directions of the truster.
Solicitors: Tawse and Bonar, W.S.— J. Goldie, W.S.—Agents.