Bates v. Woodruff

Citations

• 123 Ill. 205
• 13 N.E. 845

Syllabus

<p>1. Will—power of executor to comiey real estate. A testator, after providing for the payment of his debts and funeral expenses, and several legacies, devised to his son a certain house and lot, and directed that all the rest of his estate, real and personal, should be invested in interest-bearing ■securities, and that the interest and income from the estate so invested should be paid to the son and his wife for their support during their lives, •and upon their death the estate should be divided between their children, and then provided that his executor (the son) should “have full power to ■convey all property conveyed to him in trust by this will:” Eeld, that full power was given to the executor to convey the real estate which was directed to be invested in interest-bearing securities.</p> <p>2. Purchaser from am, executor—not bound to see to application of proceeds. Where an executor is given authority by will to sell and convey real estate, the proceeds to be invested in a specified way, a purchaser from the executor will be under no obligation to see to the application of the purchase money.</p>