Crosswords1 min ago
Will
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If a will states that the residue of assets and property is bequeathed to a named person absolutely and that person dies before the maker of the will dies, who do these assets pass to ?
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If you leave a gift to a residuary beneficiary who dies before you, the gift will be re-directed by your Will as follows:
* To any children the beneficiary has, in equal shares.
* If the beneficiary has no children, then proportionately (�pari passu�) to the other remaining residuary beneficiaries.
* If none of the above applies, the residuary estate will go to any alternate beneficiaries that have been named, in the percentages you specify.
* If any of the alternate beneficiaries die, their gift will go to their children, or if they have none, proportionately to the other residuary beneficiaries.
* If no alternates are named, or they are all dead with no children, the residuary estate will be given to a charity of your executor's choice.
If you leave a gift to a residuary beneficiary who dies before you, the gift will be re-directed by your Will as follows:
* To any children the beneficiary has, in equal shares.
* If the beneficiary has no children, then proportionately (�pari passu�) to the other remaining residuary beneficiaries.
* If none of the above applies, the residuary estate will go to any alternate beneficiaries that have been named, in the percentages you specify.
* If any of the alternate beneficiaries die, their gift will go to their children, or if they have none, proportionately to the other residuary beneficiaries.
* If no alternates are named, or they are all dead with no children, the residuary estate will be given to a charity of your executor's choice.