Mr. Justice Dibell
delivered the opinion of the court.
The first question is whether under the certificate and the will the funds received from the association were assets of the estate, to which the executor as such was lawfully entitled, and upon which it was his office and duty as executor to administer. The promise in the certificate was to pay the fund “ to his devisees, as provided in the last will and testament, or in the event of their prior death, to the legal heirs or devisees of the certificate holder.” These identical words in a certificate issued by this association were held in Covenant Mutual Benefit Association v. Sears, 114 Ill. 108, to mean that the money should be paid to the devisees if there were devisees to take it, and if there were no devisees, then it should be paid to the persons who answered the description of heirs. (Covenant Mutual Benefit Association v. Hoffman, 110 Ill. 603.) Alexander v. Northwestern Masonic Aid Association, 126 Ill. 558, involved a certificate payable to the devisees or heirs at law of the deceased member, and there was no will and no devisee, and the controversy was who took the fund. The court said it was conceded (and it evidently approved the position), that the fund was not assets belonging to the estate of deceased, which would pass to the administrators, to be used by them inpayment of debts and in the settlement of the estate, but it should be paid to the person or persons named in the certificate. The court said:
“ If Alexander had executed a will, and therein, devised the fund to a person or persons therein named, such person or persons, beyond all doubt, would have been entitled to-the fund.”
Alexander left a widow and next of kin, but no children.. It was held the fund was personaVproperty and the widow was as to it the sole heir, and took the entire fund by virtue of the terms of the certificate. In Hubbard v. Turner, 93 Ga. 752, under a life policy payable to the heirs or assigns of the assured, it was held that though the question who answered the description “heirs” was to be ascertained by reference to the statute of distributions, yet the persons so determined to be the heirs became beneficiaries and took their interest by virtue of the contract embraced in the policy, and not by virtue of the statute, and they took the avails of the policy as purchasers, and not as distributees of the estate of deceased; and that the proceeds of the policy were no part of the estate of the assured, and were not subject to the claims of his creditors. The authorities are collected in a note to that case in 30 L. R. A. 593. Under these authorities if Brooks had died intestate this fund would have passed to his heirs, his widow and children, and not to his administrator. Bv the third paragraph of his will he gave the proceeds of the certificate to- A. P. Petrie in trust for his legal heirs named in a prior paragraph. We find no language in this will indicating a purpose that this insurance should be paid to the executor as such, and become assets of the testator’s estate in the hands of his executor, and subject to the claims of creditors. The concluding words of the third paragraph, directing Petrie to sell testator’s tools, shop, and all his estate of every name and nature, and pay the amount to testator’s wife, do not seem to us to support the contention of appellants. He certainly did not intend the certificate should be sold or the proceeds thereof paid to his wife, and yet he there directed all his estate of every name and nature (the strongest words possible), should be sold and the proceeds paid tó his wife. It is argued that the first and second paragraphs show testator supposed himself to be thereby disposing of a considerable estate, and as the will was made only a little over two months before testator’s death, and the inventory showed he left no real estate, and the personal property was appraised at only $327, he must have meant by those paragraphs to treat this certificate as part of his estate. The .proofs do not advise us what property Brooks had when he made the will, nor whether it was made in expectation of death, or when he had apparently a long life yet before him. By the first paragraph he disposed of the income of his real estate, and undertook to compensate his wife for her dower therein, yet he left no real estate. We do not think his efforts in the first and second paragraphs to dispose of an estate apparently larger than he had at the time of his death earn overcome .the explicit terms of the third paragraph by which he bequeathed the proceeds of this certificate to Petrie upon certain trusts herein expressly set forth.
As we view the third paragraph it was a bequest of this fund to Petrie as an individual, to hold, invest and distribute in compliance with the trusts therein stated. If he had refused to qualify as executor, still he could have collected the fund. An administrator with the will annexed could not have collected the money. Pío creditor of Brooks had a right to compel a resort to this fund for the payment of his claim. If Petrie had reported this fund to the County Court as executor and paid it out upon claims against the" estate, we are of opinion he would still have been accountable therefor personally to the eestuis que trust at the period of distribution. The County Court had power to. remove Petrie from his office as executor. We are of opinion it had no power to take this trust estate from him, or to direct him in the manner of its investment or distribution, but that this could only be done by a court of equity, which latter tribunal could have required of him a bond before receiving the fund, and should have been called upon to do so. Testator’s youngest child was three years old when this will was made, so that he contemplated the fund arising from this certificate might be invested and put at interest for at least seventeen years, and still longer if the widow lived longer after his death. The investing of a fund and keeping it at interest for seventeen years or longer, and paying the interest to a beneficiary, and then distributing the fund to other beneficiaries, where the fund itself is not and never has been any part of the estate of the deceased, is certainly no part of the administration proper, of the estate. ■ In every view of the case it seems to us the executor acquired no title to this fund by virtue of his letters testamentary, and that an executor’s bond is not designed to secure the performance of such a trust, even if the same person is designated executor who is appointed trustee. In People v. Huffman, 182 Ill. 390, the court said :
“ Under the statute as it now stands, where a will makes the same person executor and trustee, the executor’s bond can not be construed for the faithful performance of the duties belonging to the trustee. A separate bond should be given by the trustee.”
But it is argued that even if the executor ought not to have received the money by virtue of his office as executor, yet the proof shows he did in fact do so, and that the bond in suit was given expressly to enable him to receive this fund, and that it is therefore now holden for it. This presents the serious question in the case, whether the executor did any act which made him responsible for this fund as executor, and bound his sureties to liability for it. He said in his petition for letters testamentary that this certificate was an asset of the estate. ■ He gave a bond in a much larger penalty than would have been necessary if he had not then considered it an asset of the estate.
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Mr. Justice Dibell
delivered the opinion of the court.
The first question is whether under the certificate and the will the funds received from the association were assets of the estate, to which the executor as such was lawfully entitled, and upon which it was his office and duty as executor to administer. The promise in the certificate was to pay the fund “ to his devisees, as provided in the last will and testament, or in the event of their prior death, to the legal heirs or devisees of the certificate holder.” These identical words in a certificate issued by this association were held in Covenant Mutual Benefit Association v. Sears, 114 Ill. 108, to mean that the money should be paid to the devisees if there were devisees to take it, and if there were no devisees, then it should be paid to the persons who answered the description of heirs. (Covenant Mutual Benefit Association v. Hoffman, 110 Ill. 603.) Alexander v. Northwestern Masonic Aid Association, 126 Ill. 558, involved a certificate payable to the devisees or heirs at law of the deceased member, and there was no will and no devisee, and the controversy was who took the fund. The court said it was conceded (and it evidently approved the position), that the fund was not assets belonging to the estate of deceased, which would pass to the administrators, to be used by them inpayment of debts and in the settlement of the estate, but it should be paid to the person or persons named in the certificate. The court said:
“ If Alexander had executed a will, and therein, devised the fund to a person or persons therein named, such person or persons, beyond all doubt, would have been entitled to-the fund.”
Alexander left a widow and next of kin, but no children.. It was held the fund was personaVproperty and the widow was as to it the sole heir, and took the entire fund by virtue of the terms of the certificate. In Hubbard v. Turner, 93 Ga. 752, under a life policy payable to the heirs or assigns of the assured, it was held that though the question who answered the description “heirs” was to be ascertained by reference to the statute of distributions, yet the persons so determined to be the heirs became beneficiaries and took their interest by virtue of the contract embraced in the policy, and not by virtue of the statute, and they took the avails of the policy as purchasers, and not as distributees of the estate of deceased; and that the proceeds of the policy were no part of the estate of the assured, and were not subject to the claims of his creditors. The authorities are collected in a note to that case in 30 L. R. A. 593. Under these authorities if Brooks had died intestate this fund would have passed to his heirs, his widow and children, and not to his administrator. Bv the third paragraph of his will he gave the proceeds of the certificate to- A. P. Petrie in trust for his legal heirs named in a prior paragraph. We find no language in this will indicating a purpose that this insurance should be paid to the executor as such, and become assets of the testator’s estate in the hands of his executor, and subject to the claims of creditors. The concluding words of the third paragraph, directing Petrie to sell testator’s tools, shop, and all his estate of every name and nature, and pay the amount to testator’s wife, do not seem to us to support the contention of appellants. He certainly did not intend the certificate should be sold or the proceeds thereof paid to his wife, and yet he there directed all his estate of every name and nature (the strongest words possible), should be sold and the proceeds paid tó his wife. It is argued that the first and second paragraphs show testator supposed himself to be thereby disposing of a considerable estate, and as the will was made only a little over two months before testator’s death, and the inventory showed he left no real estate, and the personal property was appraised at only $327, he must have meant by those paragraphs to treat this certificate as part of his estate. The .proofs do not advise us what property Brooks had when he made the will, nor whether it was made in expectation of death, or when he had apparently a long life yet before him. By the first paragraph he disposed of the income of his real estate, and undertook to compensate his wife for her dower therein, yet he left no real estate. We do not think his efforts in the first and second paragraphs to dispose of an estate apparently larger than he had at the time of his death earn overcome .the explicit terms of the third paragraph by which he bequeathed the proceeds of this certificate to Petrie upon certain trusts herein expressly set forth.
As we view the third paragraph it was a bequest of this fund to Petrie as an individual, to hold, invest and distribute in compliance with the trusts therein stated. If he had refused to qualify as executor, still he could have collected the fund. An administrator with the will annexed could not have collected the money. Pío creditor of Brooks had a right to compel a resort to this fund for the payment of his claim. If Petrie had reported this fund to the County Court as executor and paid it out upon claims against the" estate, we are of opinion he would still have been accountable therefor personally to the eestuis que trust at the period of distribution. The County Court had power to. remove Petrie from his office as executor. We are of opinion it had no power to take this trust estate from him, or to direct him in the manner of its investment or distribution, but that this could only be done by a court of equity, which latter tribunal could have required of him a bond before receiving the fund, and should have been called upon to do so. Testator’s youngest child was three years old when this will was made, so that he contemplated the fund arising from this certificate might be invested and put at interest for at least seventeen years, and still longer if the widow lived longer after his death. The investing of a fund and keeping it at interest for seventeen years or longer, and paying the interest to a beneficiary, and then distributing the fund to other beneficiaries, where the fund itself is not and never has been any part of the estate of the deceased, is certainly no part of the administration proper, of the estate. ■ In every view of the case it seems to us the executor acquired no title to this fund by virtue of his letters testamentary, and that an executor’s bond is not designed to secure the performance of such a trust, even if the same person is designated executor who is appointed trustee. In People v. Huffman, 182 Ill. 390, the court said :
“ Under the statute as it now stands, where a will makes the same person executor and trustee, the executor’s bond can not be construed for the faithful performance of the duties belonging to the trustee. A separate bond should be given by the trustee.”
But it is argued that even if the executor ought not to have received the money by virtue of his office as executor, yet the proof shows he did in fact do so, and that the bond in suit was given expressly to enable him to receive this fund, and that it is therefore now holden for it. This presents the serious question in the case, whether the executor did any act which made him responsible for this fund as executor, and bound his sureties to liability for it. He said in his petition for letters testamentary that this certificate was an asset of the estate. ■ He gave a bond in a much larger penalty than would have been necessary if he had not then considered it an asset of the estate. On the day letters testamentary were issued, November 28, 1886, he filed an inventory of the personal estate dated four days before, and included therein this certificate. He gave a receipt for the money in his individual capacity and not as executor. The only things he ever did after he received the money tending to show he pretended to be acting concerning it as executor were that the first receipt he took from the widow for interest described him as executor and the sixth as administrator, and he probably drew those receipts. But he could not, by the language of receipts drawn after the bond was given, make the sureties liable for that which was not in fact part of the estate, or in any way enlarge their liability. All other receipts ran to him personally, and they all described the payments as interest on a trust fund. His failure to file any reports, and the failure of the court and parties in interest to require reports from him, indicate the trust fund was not considered a part of the estate. The inventory shows what other personal assets he received, the appraisers valued them, and the widow filed her relinquishment and selection, and elected to take them all upon her widow’s award; and attached to that paper was her receipt for every article, dated December 20, 1886. This put out of his hands everything except the certificate, and it does not appear that any further action was ever taken in that estate. We are of opinion that the language of the petition for letters, the inventory and the two receipts, are not conclusive upon the sureties that he received and held this money as executor, and therefore they are not bound.
But if Petrie received this'money as executor, or under such circumstances that his bond is liable therefor, there is another reason why the persons who bring this suit should not be permitted to recover. We will assume that as defendants did not traverse the allegations of the declaration in the first breach assigned—that Petrie wmsted this fund and converted and disposed of it to his.own use, they have thereby admitted that averment. But the trust has not lapsed because the trustee has died, nor because he converted the fund to his own use, if it can be recovered. Even if Petrie improperly received this money as executor, that fact can not defeat the trust. The period of distribution has not yet arrived. The widow is still alive, and the youngest child is not yet twenty years old. The time has not come when the beneficiaries suing here are entitled to receive the fund. If plaintiffs are permitted to recover here, they thereby defeat the purpose of the testator in establishing the trust. A court of equity has power to appoint a successor in trust. He would then be entitled to receive the fund, and upon receiving it he would be bound to perform the unexecuted duties imposed upon the trustee by the will. If, by reason of the special facts of this case, this bond is liable for the fund, he would become entitled to sue for it-nnd collect the money. Even if the executor, by his acts, made himself accountable as such for the fund, and even if this bond is liable therefor, we fail to see how suit can be maintained upon this bond for the fund until it is brought for the use of some person who is entitled to receive it. In such a case, perhaps, an administrator de bonis non, with the will annexed, when appointed and qualified, would be entitled to receive the fund. The widow and children certainly have no present right to its possession. They have not been appointed to receive it now, and have given no obligation binding them to execute the trust. This is not one of those cases where it is unnecessary the names and interest of the persons for whose use the suit is brought should appear in the record. They are the real plaintiffs, and they are the parties who appeal, as recited in the appeal bond herein. We are aware that defendants filed no plea questioning the right of plaintiffs to maintain a suit if a liability existed. But we can not think that, because of the silence of defendants on this point, the courts should permit the widow and children to defeat the trust and take a fund which the testator did not intend they should now receive. The title the widow, and children here assert is under the will of B. F. Brooks, and it shows they are not yet entitled to take the fund. The declaration did not state a cause of action in the present plaintiffs.
We are not unmindful that the widow was entitled to receive the interest, but we think it manifest this suit was not brought to recover interest for the widow, and that no basis is found in the proof for determining how much interest was due her. So long as the trustee may have invested the fund, as required by the directions of the testator, he would only be liable for such interest as he was able to get by the exercise of due diligence.. The direction to keep the money at interest at eight per cent per annum did not bind the trustee if he could not obtain that rate, nor after the legal rate of interest had been lowered by statute. While the failure of the defendants to plead to the assignment that Petrie-wasted said money and converted it to his own use, confesses the charge, yet the declaration did not state when Petrie converted the money to his own use, and therefore that is not admitted. Petrie paid the widow the interest in full to February 18, 1892, and paid her various sums thereafter. JSTo proof was made when Petrie converted this fund to his own use, nor how much interest he had been able to collect up to that time, and there was no computation to show how much interest the widow was entitled to recover. The fourth plea only averred Petrie had paid the widow all interest he had received, and issue was joined upon that plea. There was no proof he had received more interest than he had paid to the widow. There was no averment in declaration or replication seeking to charge Petrie with interest he had not collected, or with liability to the widow for interest upon the fund after he converted it to his own use. If the court below thought the widow entitled to recover interest in this suit, there was no basis shown by which it could have determined what sum to award her. Propositions of law were presented by plaintiffs, but none upon the subject of interest due the widow. The suit was not brought for the use of the widow alone, but for the use of the widow and children and guardian of the minor children. If this bond is liable for the fund, still no error appears in not awarding the widow interest in this suit.
It is argued the failure of the executor to file a report entitled plaintiffs to nominal damages, and the judgment should therefore be reversed and the cause remanded. This point is purely technical, for, if we are correct in concluding this fund was not part of the estate to be accounted for to the County Court, then the papers filed there by the executor showed he had turned over to the widow all the personal property of the estate; and the only report he could have made would have been to formally charge himself with said property and credit himself for its delivery to the widow; that is, to state in the form of a report only facts and figures already appearing in papers filed by the executor in 1886. Plaintiffs tendered various propositions of law, but none upon the subject of the right to recover nominal damages because of the failure to file a report. They moved for a new trial, and filed the points relied upon therefor, and did not assign failure to award nominal damages as one of them. They are restricted to the reasons they then assigned.
Besides, courts will not award a new trial merely to enable a party to recover nominal damages. Comstock v. Brosseau, 65 Ill. 39; Thisler v. Hopkins, 85 Ill. App. 207; Hyatt v. Wood, 3 Johns., 238.
The judgment is affirmed.