Succession Act, 1925

Succession Act, 1925 — Section 176: Where gift of annuity and residuary gift, whole annuity to be first satisfied

176. Where gift of annuity and residuary gift, whole annuity to be first satisfied. Where there is a gift of an annuity and a residuary gift, the whole of the annuity is to be satisfied before any part of the residue is paid to the residuary legatee, and, if necessary, the capital of the testator’s estate shall be applied for that purpose. CHAPTER XXI OF LEGACIES TO CREDITORS AND PORTIONERS

This is the text of the provision as enacted. It is legal information, not legal advice, and it cannot account for the facts of your own matter. For advice on your situation, consult a verified advocate.