OH has just received a Will and can anybody answer 2 queries please.
There are possibly living persons so no names.
Will was written 8 May 1970 , her Husband died Dec 1970 , she died 22 May 1978 . Gross £88000
Executors a Bank and one Son.
Section one
I leave £ 5000 to my husband and £3000 to each of my 3 children.
What would happen to the £5000 that was left to her Husband as he died 8 years previously ?
Section two ( as written )
After payment of just depts , funeral and testamentary expenses and the legacies heirin before given , I give and bequeath the residue of my estate to the Bank upon Trust to divide the same into three parts and to hold such parts for my three children absolutely and equally between them.
How do you read section two ? All 3 children were 40 plus years so why is the money in Trust and what happens to it ?
Ken
There are possibly living persons so no names.
Will was written 8 May 1970 , her Husband died Dec 1970 , she died 22 May 1978 . Gross £88000
Executors a Bank and one Son.
Section one
I leave £ 5000 to my husband and £3000 to each of my 3 children.
What would happen to the £5000 that was left to her Husband as he died 8 years previously ?
Section two ( as written )
After payment of just depts , funeral and testamentary expenses and the legacies heirin before given , I give and bequeath the residue of my estate to the Bank upon Trust to divide the same into three parts and to hold such parts for my three children absolutely and equally between them.
How do you read section two ? All 3 children were 40 plus years so why is the money in Trust and what happens to it ?
Ken
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