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Making a will

Can you leave a specified sum (say £5,000) to each of five relatives but also leave the residue of your estate to one of them in addition to the amount specified

Comments

  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    Would that not be exactly the same as leaving £5,000 to four and the residue to the fifth?
  • poppystar
    poppystar Posts: 1,749 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Tom99 wrote: »
    Would that not be exactly the same as leaving £5,000 to four and the residue to the fifth?

    Not if the estate ends up at £20k or less as don't absolute amounts have priority over residual amounts?
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    poppystar wrote: »
    Not if the estate ends up at £20k or less as don't absolute amounts have priority over residual amounts?

    [FONT=Verdana, sans-serif]Yes you are right, so if you think the estate might be less than £25k do 5 x £5k plus residue and if the estate is less than £25k each of the 5 will still get an equal share.[/FONT]
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