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 [...]
What is a Cash Legacy? A cash legacy is a fixed "money" gift that you leave in your will. A cash legacy is a fixed cash sum that you can include in your will. It is a specified amount (rather than a percentage of the overall estate which is called a [...]
What should I include in my Will? Your will sets in law who gets what when you die, and who will be responsible for dealing with your Will (your executors). A will is the legal document that allows you to set out your wishes for the distribution of your assets when [...]
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