141. Exception in favour of provisions for paying debts.

Any provision for payment of the debts of any grantor, settlor, testator or other person is expressly excepted from the general statutory restrictions1 on accumulations2. The provision must be bona fide for the payment of debts3 but the provision is none the less bona fide because it provides for other matters in addition to the payment of debts4.

The debts may be either existing debts, or contingent liabilities to arise in the future5, and it seems that they may be debts of a stranger