ChatterBank21 mins ago
Who dies first.
In the event of two members of the same family dying very close together where it is difficult or impossible to determine which person died first , say, a married couple in an air crash or even a suicide pact, what is the protocol for assuming who died first.? Is it based on age or some other factor? It may be of paramount importance for inheritance tax reasons.
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For more on marking an answer as the "Best Answer", please visit our FAQ.yes i agree, the older died first,
imagine the scenario,
both parties have a simple will leaving everything to spouse,
both die simultaneously so all of the older persons estate goes to the other and then the vultures descend,
get advice and build in a survival period clause,
along the lines of if my spouse survives past me by 28 days all to spouse, otherwise the split is as follows...
imagine the scenario,
both parties have a simple will leaving everything to spouse,
both die simultaneously so all of the older persons estate goes to the other and then the vultures descend,
get advice and build in a survival period clause,
along the lines of if my spouse survives past me by 28 days all to spouse, otherwise the split is as follows...