(2) Where
the estate of a deceased person is solventthe deceased person's real and
personal estate shall, subject to the provisions of any Act as to charges on
property of the deceased and to the provisions, if any, contained in
the deceased person's will, be applicable towards the discharge of the
funeral, testamentary, and administrative expenses, debts, and liabilities,
payable thereout in the order mentioned in Part 2 of the Third Schedule.
(3)
In this section--
"deceased person" means a person dying after the commencement of the
Conveyancing (Amendment) Act 1930 .
"solvent" means sufficient and
"insolvent" means insufficient for the payment in full of the debts and
liabilities of the deceased.