Edward's Trustees v. Young and Others

Held (1) that the direction to accumulate being clear, must receive effect, although under the Thellusson Act the period of accumulation fell to be limited to twenty-one years; and (2) that it was premature to determine the rights of parties in the capital and interest of the residue.

The late William Edward, surgeon, Letham, Forfar, died there upon 6th August 1889, leaving the following trust-disposition and settlement, dated 13th September 1888, and duly recorded.

Charles Smith Edward, my brother James' son, is to get nothing, not to be allowed to enter my house, that's him settled.

John Young, my sister Ann's son, is to get £5; William Young £5; Jane Young, their sister, £5.

John Ogilvy, stationmaster upon the Caledonian Railway, £20; Jessie Ogilvy £30 yearly, to help to bring her family up and educate them, and also money to college her three sons; and John Ogilvy money to college one son, the amount each year not to exceed £30 for each of them.