714. Fund out of which testamentary annuity is payable.

714.     Fund out of which testamentary annuity is payable.

The Administration of Estates Act 1925 did not alter the old rule1 that, in the absence of any other provision in the will, as between realty2 and personalty3, personalty is primarily liable for legacies, including annuities4. If there are several annuities and the sole source of payment proves insufficient, the annuities will abate rateably5.