got a copy of the will, don't understand the terminology

faerielight

got the will, don't understand the terminology..my head's in such a mess.. can anyone help..

The 1st page is just about the executor and trustee,(my uncle )
and the definition of her estate being all property.

paragraph 4 says " Administration of My Estate:
My trustee shall hold my estate upon trust to retain, postpone or sell it and will pay any debts, funeral and testamentary expenses.
4.2 Deal with the remainder my Residuary Estate as I now Direct."

5: GIFT OF RESIDUE"

I give my Residuary estate to my daughter (myself) absolutely and if (I) should fail to take a vested interest leaving issue who survive me and reach the age of 21 then such issue shall take by substitution and if there shall be more than one of such issue they shall take in equal shares per stirpes but so that no issue shall take whose parent is alive and so capable of taking.

6: SUBSTITUTIONAL PROVISION
If the provision for the distribution of my Estate fail then the following shall apply

7: FURTHER GIFT OF RESIDUE
I give my Residuary Estate to (my uncle) absolutely if he predeceases me then this share shall pass into his residuary estate as per his existing will.

8: STANDARD PROVISIONS
The standard provisions of the Society of Trust and Estate Practitioners shall apply with the deletion of paragraph 5 section 11
Trusts of Land and Appointment of Trustees Act 1996 (consultation with beneficiaries) shall not apply."

(the will was signed in 2006)

if anyone can decipher this, I would be grateful, I really don't want to bother the solicitor. BTW, as there is no sub number of paragraph 5.

elona

It looks to me as if the estate is left to you or to your child if you have one and something happens to you. If you refuse the bequest and only then it goes to uncle.

faerielight

thanks elona, just realised I posted this in the wrong sub forum