Administration and probate — Settlement — Duty — Gift to persons in being with limitations to persons who may not be in being at death of settlor — Whether gift inter vivos — Death of settlor within twelve months of settlement — Settlement of proceeds of contract for sale of land in New South Wales — Settlor domiciled and resident in Victoria — Purchaser domiciled and resident in New South Wales — Locality of debt irrelevant — Victorian assets — Administration and Probate Act 1915 (No. 2611), s. 143.

Administration and probate — Settlement — Duty — Gift to persons in being with limitations to persons who may not be in being at the death of the settlor — Whether gift inter vivos — Death of settlor within twelve months of settlement — Settlement of proceeds of contract for sale of land in New South Wales — Contract under seal — Contract not under seal — Settlor domiciled and resident in Victoria — Purchaser domiciled and resident in New South Wales — Interests in reversion and remainder — Choses in action — Locality of debt — Whether debt is Victorian asset — Bona notabilia — Administration and Probate Act 1915 (No. 2611), s. 143.