This is a suit in equity praying for the construction of the will of Albion Q. Randall. The facts stated in the bill are to be taken as true. The first question is 'whether all the provisions of the will can be sustained. They cannot. The testator has in some of the provisions attempted to create per-petuities. These provisions must of course be rejected. All the other provisions may be sustained. The life estates wdiich are certain to vest within a life or lives in being, and twenty-one years and the period of gestation thereafter, are valid. What will become of the testators property when all these life estates shall end is a question rvhich in no way affects the executors and will not now be considered. The facts stated in the bill are not sufficiently full to enable us to do so. The application of a few •well settled rules of law' will determine the rights of the parties now before the court, and relieve the executors of all doubt as to the course to be pursued by them.
I. Of the real estate. It is a settled rule of law that a gift of the income of real estate is a gift of the real estate itself. A gift of the income for life is the gift of a life estate. A gift of the perpetual income is a gift of the fee. The effect of this rule upon the will in question is obvious. Those to whom the testator has given the income for life will take a life estate, and those to whom he has given the perpetual income will take a fee-simple estate. The towns of Borvdoinham and Richmond will take foe-simple estates in trust for the purpose named in the will as tenants in common wfith the other owmers. This is all vdiich it is necessary to say of the testator’s real estate. In support of the rule here stated, see Andrews v. Boyd, 5 Maine, 199; Butterfield v. Haskins, 33 Maine, 392 ; Earl v. Rowe, 35 Maine, 414.
II. Of the personal estate. If is the duty of the executors to reduce the personal assets to money, and, after the payment of *112tbe debts, if any, and the costs of administration, to distribute the residue among the immediate donees in the proportions named in the will. True, the testator has given the income only to the immediate donees, except a small legacy of a hundred dollars to a boy in consideration of Ms having been named for him. But the same rule applies to personal estate as to real estate, namely, the gift of the income is in contemplation of law equivalent to a gift of the property itself. If the gift is of the income for life the donee takes a life estate; and if the gift is of the perpetual income, then the donee becomes the absolute owner of the property. So held in Stone v. North, 41 Maine, 265.
And the rule adopted in this State is to allow the donee for life to have the actual possession of the property, unless the will otherwise provides. Starr v. McEwan, 69 Maine, 334; Warren v. Webb, 68 Maine, 133.
It is said to have been at one time held that there could be no gift over of personal property; that a gift for life made the donee the absolute owner of the property. But it is now settled both in England and in this country that personal property may be limited over by way of remainder, after the expiration of a life interest. And it was formerly held that the remainder-man might exact security from the donee for life that the property should be forthcoming intact at the expiration of the life estate. But that practice, says Chancellor Kent, has been overruled, and the modern practice is to require nothing more than an inventory of the property, although the court may still require security in a case of real danger and where the relations of the parties are such as to render such a course expedient. 2 Kent’s Com. 454. "We think no security should be required in this case, except a receipt, to be filed in the probate office when the executors settle their final account. If the donees for life can have the use and possession of their several shares of the testator’s estate, it will be a substantial benefit to them; othei'wise probably of very little benefit. If testators do not desire to have the remainders provided for in their wills thus endangered they can easily guard against the danger by the appointment of trustees, and declaring *113that the income only shall be paid to the donees for life. Most wills creating remainders contain such provisions. The will now under consideration contains no such provision.
The court is asked to ascertain and decree who the testator meant by the "son of Rewel,” to whom he bequeathed a hundred dollars. There is no evidence before the court on which to found such a decree. The executors say they are informed and believe that Quincy Randall Webber, is the person intended; but mere information and belief is not evidence on which the court can act. But if no one else appears to claim the legacy, no reason is perceived why the executors may not safely pay it to the person named; or, if he is a minor, to his guardian.
This is an amicable suit. All the parties appear to be equally desirous of obtaining the judgment of the court. No costs are, therefore, allowed to either of them. The executors may charge such expenses as have been necessarily incurred by them in the prosecution of the suit in their administration account, and the judge of probate will allow for such items and such amounts as ho deems just and reasonable.
Bill sustained, and, a, decree may l)e entered in accordance with the principles herein stated.
Appleton, C. J., Daneoetii, Yir&in, Peters and Symonds, JJ., concurred.