Excerpt from Executorship Accounts On page 10 against the marginal note "Succession Duty" it is stated that, "as the freehold works are bequeathed without any directions for sale, these pass at once without any act on the part of the Executors." This is not now correct, as since the death of my Testator and the consequent succession of his nephew, the Land Transfer Act of 1897 has been passed, under which the estate in real property vests in the Executor or Administrator, and if it has been specifically devised the assent of the Executor to the devise is necessary to complete it. In the meanwhile the Executor is Trustee for the Devisee. If any rents are received while the property is in the Trustee's possession it will be necessary to open Accounts with the Property, and with tho Devisee, but if the assent is given immediately it will be sufficient to make a note upon the "Principal" Account of the nature of the Property, the name of the Devisee, and the date when assent was given by the Executor. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.