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Residuary beneficiaries

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Comments

  • poppystar
    poppystar Posts: 1,752 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Bloody odd way of doing a will, no thought has been given to what happens if they are no longer married, but at least we now know that there were 8 residual beneficiaries and that it is 20% per couple not 20% each.

    As there is no clause as to what happens if a couple split up. I am not sure what happens in the case of the divorced couple but I think you probably needs legal advice. If it had just said Joe Bloggs and his wife, I think it would be safe to say it all goes to Joe, but the spouse is named so I don’t know how that impacts it. Under English law if your will leaves a bequests to your own wife but you subsequently divorce without making a new will, that bequest fails but I don’t know if the same rule applies in this case.
    10 rather than 8 methinks. Hope the executor is one of them or getting a nice legacy for dealing with this! 
  • Flugelhorn
    Flugelhorn Posts: 7,608 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I suspect it would be best to give the 20% to Joe and leave him to argue it out with his ex
  • Sea_Shell
    Sea_Shell Posts: 10,266 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I suspect it would be best to give the 20% to Joe and leave him to argue it out with his ex

    As with these things, there is the letter of the will, and a 'practical interpretation', which may hinge on what £££ is involved.

    Unlikely to be challenged by anyone, if it's £1000 rather than £100,000.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)
  • shaz60
    shaz60 Posts: 5 Forumite
    First Post
    Each 20% likely to be around £100,000 so guessing it’s enough for a potential argument!
  • shaz60
    shaz60 Posts: 5 Forumite
    First Post
    Yes 10 in total (one couple is mother and son and conveniently the will states 10% each to these - shame it doesn’t for the rest!)
    Am waiting for a call back from the solicitors that drew it up.
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