"The above provision is upon the express term and condition that my
said nephew shall engage in no remunerative work after he begins to
receive this income from the trust fund. There shall be deducted
from the payments to be made him sums equal to any moneys which
he shall be receiving from any other sources; so that, to take
full advantage of this provision for him, my said nephew shall be
required to abandon all efforts to support himself, and to engage
in no remunerative work whatsoever.
"In other words," said Beaks, "you are debarred from earning your own
living so long as you take this money; you are expressly forbidden to
work!"
"Is there anything else?" asked Paul, wondering why Beaks paused.
"You have no objection to that?"
"Of course not! You don't think I'd be fool enough to work if I didn't
have to, do you? That's only common sense, that part. Up to six
thousand per year--why, say, I'll live in clover!"
"Your confidence is inspiring," said Beaks in a tone that was slightly
nasal. "There is one further provision, covering the contingency that
you will refuse to accept the proposed annuity according to its terms."
"You need not bother to read that part, Mr. Beaks," said Paul politely.
But Beaks proceeded to read it, unheeding:
"If my said nephew shall refuse to accept the said beneficial
interest according to its terms, he shall receive nothing whatever
from my estate, but my entire estate shall be divided, share and
share alike, among the institutions named in the sealed letter
of instructions which will be found in my vault of deposit and
which will be given unopened to my executor and trustee. To avoid
raising expectations which might be disappointed, and to prevent
any attempt at collusion between my said nephew and possibly venal
officials of these institutions or any of them, I hereby enjoin
and direct my said executor and trustee to preserve this letter of
instructions inviolate and unopened until my said nephew shall, at
the end and termination of the said period of eighteen months, have
definitely refused and rejected the above mentioned life-estate in
the trust fund."
"When I do," nodded Paul. "Believe me, if they are going to wait until
I throw that easy money over my shoulder they are going to wait!"
"There is the letter to which the will refers," said Beaks, pointing to
the pigeonhole. "As it is to all effects and purposes a part of this
will, it should be proven with the will; the Surrogate may decide that
the institutions referred to are entitled to citation. On the other
hand, the will vests me with the power of sale during the eighteen
months, so that there is no suspension of the power of alienation.
We may have to withhold the will from probate until the end of the
eighteen-month period.
Public-domain text, read in full here on John Shaqi.
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