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Updated: May 28, 2025
Though Madame has certainly run through her fortune, she is still able to make good that of her daughter, or very nearly so." "Women are most unfortunate in having no knowledge of business," said Madame Evangelista. "Have I titles to property? and what are life-interests?" Paul was in a sort of ecstasy as he listened to this proposed arrangement.
Draw a form of settlement that passes all my property to Miss Fleur's children in equal shares, with antecedent life-interests first to myself and then to her without power of anticipation, and add a clause that in the event of anything happening to divert her life-interest, that interest passes to the trustees, to apply for her benefit, in their absolute discretion."
A slender provision for the future was saved out of the wreck by the commutation of the reserved life-interests of incumbents, which laid the foundation of a small permanent endowment; but, with this exception, the equality of destitution among all Protestant communities was complete.
They entrusted to the Representative Body of the Church the capitalised value of the life-interests secured to them by the Act. The money was their private property, and their action one which involved great self-denial, for they gave up the security offered by the State. The money was so calculated that the whole should be exhausted when all payments were made.
The investigation somewhat disappointed the youth, who had never thoroughly credited what his father told him of the necessity of his exerting himself for his own maintenance, nor understood how heavy a drain on his property were the life-interests of his father and grandmother, and the settlement on his aunt.
To the descendants of the brother in Germany Mr. Astor left small but sufficient pensions. To many of his surviving children and grandchildren in America he left life-interests and stocks, which seem designed to produce an average of about fifteen thousand dollars a year.
He would also be doing something for his own support; and with the life-interests upon his property, he must be dependent on his own exertions, unless I were to do more for him than would be right by the other children. 'Then I am to say nothing to him? 'I will speak to him myself. He is quite old enough to understand his prospects and decide for himself.
Draw a form of settlement that passes all my property to Miss Fleur's children in equal shares, with antecedent life-interests first to myself and then to her without power of anticipation, and add a clause that in the event of anything happening to divert her life-interest, that interest passes to the trustees, to apply for her benefit, in their absolute discretion."
Draw a form of settlement that passes all my property to Miss Fleur's children in equal shares, with antecedent life-interests first to myself and then to her without power of anticipation, and add a clause that in the event of anything happening to divert her life-interest, that interest passes to the trustees, to apply for her benefit, in their absolute discretion."
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