Will leaves money to person who has since died
Options
Comments
-
Oh I assure you they do......and they regularly attend training courses. You see, it's their profession.......not a hobby they do when bored :-)0
-
http://www.hmrc.gov.uk/manuals/ihtmanual/IHTM12084.htm
IHTM12084 - Succession: Wills: Legacies and devises: Lapse (England, Wales and Northern Ireland)
Lapse occurs when a gift made in a Will fails because of the death of the legatee or devisee in the testator’s (IHTM12001) lifetime. Where the legacy or devise is anything other than residue, that property will normally fall into residue.
If a gift of residue lapses, the property devolves as it would on intestacy (IHTM12101).
There are exceptions to the rule. The most common are where
a gift in a Will to a child or remoter issue of the testator or testatrix (IHTM12001) will not lapse if the dead beneficiary leaves issue (children) who are alive at the testator’s death (in England & Wales, the Wills Act/ S33 as amended by the Administration of Justice Act 1982/ S19; in Northern Ireland, article 22 of the Wills and Administration Proceedings (NI) Order 1994). This does not apply where the gift is a life interest.
the testator or testatrix makes substitutory provisions in the Will. For example a gift to ‘such of my children as are alive at my death’ will clearly benefit surviving children and not the issue of any predeceasing child.Oh I assure you they do......and they regularly attend training courses. You see, it's their profession.......not a hobby they do when bored :-)
So why don't they comply with the above?0 -
:-D You'll have to ask them that :-D0
-
:-D Some of you on here are so funny :-D0
-
Do you want to let us in on the joke, Ziggazee? You obviously find all this hilarious when it's actually rather important?0
-
Ziggazee you should ask them and report back.0
-
My late mother's will specifically excluded her grandchildren, should one of us have predeceased her, but my understanding was that this was NOT the 'default' position, and she'd gone out of her way to exclude them.
Our recently written wills specifically include any potential grandchildren, should any of our sons predecease us, but again, I was told that that was the default position, it was just being spelled out in this case for the avoidance of doubt.Signature removed for peace of mind0
This discussion has been closed.
Categories
- All Categories
- 343.3K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608.1K Mortgages, Homes & Bills
- 173.1K Life & Family
- 248K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards