before you come into absolute possession
of your estate is a limited one. As by the terms of the will we are
to hand over our trust when you have reached the age of twenty-one,
there are only seven years to expire. But till then, though I should
gladly meet your wishes if I could, I must adhere to the duty which I
have undertaken. At the expiration of that period you will be quite
free to divest yourself of your estate without protest or comment of
any man.
Having now expressed as clearly as I can the limitations by which I
am bound with regard to the corpus of your estate, let me say that in
any other way which is in my power or discretion I shall be most
happy to see your wishes carried out so far as rests with me.
Indeed, I shall undertake to use what influence I may possess with my
co-trustees to induce them to take a similar view of your wishes. In
my own thinking you are quite free to use your own property in your
own way. But as, until you shall have attained your majority, you
have only life-user in your mother's bequest, you are only at liberty
to deal with the annual increment. On our part as trustees we have a
first charge on that increment to be used for purposes of your
maintenance, clothes, and education. As to what may remain over each
half-year, you will be free to deal with it as you choose. On
receiving from you a written authorization to your trustees, if you
desire the whole sum or any part of it to be paid over to Miss Janet
MacKelpie, I shall see that it is effected. Believe me, that our
duty is to protect the corpus of the estate, and to this end we may
not act on any instruction to imperil it. But there our warranty
stops. We can deal during our trusteeship with the corpus only.
Further, lest there should arise any error on your part, we can deal
with any general instruction for only so long as it may remain
unrevoked. You are, and must be, free to alter your instructions or
authorizations at any time. Thus your latest document must be used
for our guidance.
As to the general principle involved in your wish I make no comment.
You are at liberty to deal with your own how you will. I quite
understand that your impulse is a generous one, and I fully believe
that it is in consonance with what had always been the wishes of my
sister. Had she
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