An annuity1 bequeathed to a trustee or executor 'for his trouble', or so long as he executes the office, continues so long as duties or trusts remain to be performed, and are performed, by the annuitant2. Where, however, annuities were bequeathed to trustees for their services and for the collection of rents, and the trustees employed a collector whose expenses, to an amount exceeding the annuities, were allowed to the trustees in administration proceedings, the trustees were held not to be entitled to the annuities as well
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Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
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