SCHEDULES
FIRST SCHEDULE
Part I rep. by 1989 NI 19
PART IIORDER OF APPLICATION OF ASSETS WHERE THE ESTATE IS SOLVENT
1
Property of the deceased person undisposed of by will, subject to the retention thereout of a fund sufficient to meet any pecuniary legacies.
2
Property of the deceased person not specifically devised or bequeathed but included (either by a specific or general description) in a residuary gift, subject to the retention out of such property of a fund sufficient to meet any pecuniary legacies, so far as not provided for as aforesaid.
3
Property of the deceased person specifically appropriated or devised or bequeathed (either by a specific or general description) for the payment of debts.
4
Property of the deceased person charged with, or devised or bequeathed (either by a specific or general description) subject to a charge for, the payment of debts.
5
The fund, if any, retained to meet pecuniary legacies.
6
Property specifically devised or bequeathed, rateably according to value.
7
Property appointed by will under a general power, rateably according to value.
8
The following provisions shall also apply—
a
The order of application may be varied by the will of the deceased.
Para. (b) rep. by 1983 c. 49
Second Schedule—Amendments
Third Schedule rep. by SLR 1973