I am not sure what the following clause in respect of the Executor's powers means:
(i) appropriate any asset of the estate not specifically given (despite the asset being subject to a trust for sale) without the consent of any beneficiary in full or part satisfaction of a legacy or share of residue.
I am mostly confused by the words 'subject to a trust for sale' along with 'in full or part satisfaction of a legacy or share of residue'.
Does the above clause in part mean that the Executor can allocate assets that fall part of the residual assets without consulting with any of the beneficiaries first?
(i) appropriate any asset of the estate not specifically given (despite the asset being subject to a trust for sale) without the consent of any beneficiary in full or part satisfaction of a legacy or share of residue.
I am mostly confused by the words 'subject to a trust for sale' along with 'in full or part satisfaction of a legacy or share of residue'.
Does the above clause in part mean that the Executor can allocate assets that fall part of the residual assets without consulting with any of the beneficiaries first?
