Chattels

lavalamp

Just a quick one really - I am fairly certain I know the answer, but as I've found out before, one should never assume!

If a will reads "I leave all my chattels to my executors" and goes on to leave the property to Beneficiary A and the residual estate to Beneficiary B, am I right in assuming that the residual estate refers only to cash/investments and all the furniture/belongings in the house are left to the executors?

Thank you!

To clarify, by property, I mean the house only.

Keep_pedalling

You are correct, so the executors inherit the house contents, and any other movable personal property such as cars or livestock, and the residual benificiary receives all cash and investments. The residual benificiary would also inherit any property that was held as part of the deceased business..

Yorkshireman99

lavalamp wrote: »

Just a quick one really - I am fairly certain I know the answer, but as I've found out before, one should never assume!

If a will reads "I leave all my chattels to my executors" and goes on to leave the property to Beneficiary A and the residual estate to Beneficiary B, am I right in assuming that the residual estate refers only to cash/investments and all the furniture/belongings in the house are left to the executors?

Thank you!

To clarify, by property, I mean the house only.

Basically correct. However you may be considering a DIY will. For the sake of £200 or less get it done properly by a solicitor who will answer your queries and word the will so your wishes are in no doubt.

lavalamp

Yorkshireman99 wrote: »

Basically correct. However you may be considering a DIY will. For the sake of £200 or less get it done properly by a solicitor who will answer your queries and word the will so your wishes are in no doubt.

I am quoting a will that was made up by a solicitor. It's not my will, I am the named executor....