Will Help (Quickie)

6022tivo

Basically I have 4 people, one I want to have all my estate, and if that person is dead, the other three share it.
When setting up the will, I named all 4 with the top one getting 100%
It has been written as the below in the Will, but want to make sure that is clear??? Thoughts??





Residuary Gift: I give the residue of my estate to my executors and trustees to hold on trust to pay my debts, taxes and testamentary expenses and give the residue in shares
according the percentages specified to:
My child xxxxxxxxxxxx 100%
and My spouse, civil partner or partner's child from a previous relationship xxxxxxx
and My grand child xxxxxxxxx and My grand child xxxxxxxxxxxxxx


Should any of my named beneficiaries predecease me or fail to survive me by 28
days I wish for their share of the estate to be given to the surviving beneficiaries
in equal shares named in my Last Will and Testament only

MovingForwards

You want your estate to pass to X should they predecease you it's split equally between A, B and C.

See a lawyer, it's going to be £150 well spent

6022tivo

That's what I've requested and it was written up as my first post.

I'm sure that's how a layer will write it up as anyway won't they?

Mojisola

MovingForwards wrote: »

You want your estate to pass to X should they predecease you it's split equally between A, B and C.

6022tivo wrote: »

I think a solicitor would use the wording that MovingForwards has posted.

Browntoa

It's one for proper legal advice

Mojisola

6022tivo wrote: »

Basically I have 4 people, one I want to have all my estate, and if that person is dead, the other three share it.

My child xxxxxxxxxxxx 100%
and My spouse, civil partner or partner's child from a previous relationship xxxxxxx
and My grand child xxxxxxxxx and My grand child xxxxxxxxxxxxxx

Am I missing something - doesn't that list more than four people?

FreeBear

What happens if more grandchildren appear (either through birth or adoption). How will the estate be split if the (only ?) child and one or more of the other beneficiaries predecease you ?

Manxman_in_exile

6022tivo wrote: »

That's what I've requested and it was written up as my first post.

I'm sure that's how a layer will write it up as anyway won't they?

Not if they know what they're doing.


Is that an extract from some sort of on-line will writing form?


See a solicitor so they can go through the "what if" scenarios as highlighted in other posts.

6022tivo

FreeBear wrote: »

What happens if more grandchildren appear (either through birth or adoption). How will the estate be split if the (only ?) child and one or more of the other beneficiaries predecease you ?

The people are specifically named (Obviously edited)
If more come along, I'll change my will.
Person 1 100%
Person 2 0%
Person 3 0%
Person 4 0%

If persons 2-4 die, then nothing changes. Person 1 gets 100%.

If Person 1 Dies, then the estate gets shared equally between people 2, 3 and 4. If any one them aren't around, it is 50% between the remaining 2, or 100% for the remaining 1?

I think it is simple to be honest, but had concerns that 0% isn't being written against people 2-4

6022tivo

Mojisola wrote: »

Am I missing something - doesn't that list more than four people?

Nope, 4 named people. XXXXXXX'd out.

elsien

You are presuming that you will be mentally fit to change your will if other grandchildren are born. Just thinking that a solicitor may be able to word it to cover what you without the need to redo it as and when further potential beneficiaries come along.