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Confused about Inheritance letter from Solicitor
I received a letter from the solicitor dealing with my mums estate and I am confused about some of the wording. I'll post the section I'm confused about and would appreciate if anyone can elaborate on it.
"The Will provides you with a life interest in the sum of £10,000 plus the residue of the state. This means that you will receive income from these funds rather than the capital investment".
"I am liasing with the executor about this and will be in touch once I have more details".
Does this mean it's all going in some sort of trust and I get a payment every once in a while?
If it is then it seems rather silly as my mum didn't have a lot of money.
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