FOR A RAINY DAY

NZ Truth, Issue 1079, 29 July 1926, Page 18

FOR A RAINY DAY

| Q.; Husband insures his § | life for £300 m favor of wife. | | Wife .djes and leaves her es- \ 1 tate to two daughters, now | | aged 14 and 9. Her trustee | = pays premiums on policy out = | of wife's estate. IVlust hus- 1 | : band refund premiums when §' I, children come of age? Must I 1 ' money m estate be held until I I the youngest comes of age? — i | "Civil" (Timaru). . | | A.: Unless the husband has | | bound himself to pay the pre- | | miums there is no liability to 1 | refund. The Trustee Act pro- | | vi.des that the trustee may pay §/ | the income of the children's | i shares to the father for their | | support and education. If the | = value of the estate is under § | £300, then the trustee may at | | his discretion apply a reason- 1 I able part of the capital for I I the/maintenance and education | | of the children. If over- £300 = 1 then the consent of a Judge | | is necessary. , § fiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii{iiiiiiiiiiiiiniiiiiiiiiiiii?