Can I leave my whole Estate to Charity UK? Gifts to Charities in our Wills can be challenged in a number of ways. The law allows us to leave our whole estate (also called our Residuary Estate) to whomever we please. And, if you want charities to benefit from your inheritance, [...]
Cash Legacy or Gift of Residue? Cash legacies tend to be used as 'token' gifts in your Will. Your will deals with relatively simple broad stuff, including who does what (executors and guardians), and who gets what (fixed legacies, personal items, and of course ‘everything else’). We don’t have to include [...]
What is Residuary Estate? Residuary Estate is the balance of an estate after tax, liabilities and any specific personal items or cash gifts (legacies) have been paid. The residue of your estate is essentially ‘everything else’ – ie after all specific cash gifts and personal items have been dealt with. It [...]
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