ChatterBank1 min ago
Inheritance Passed On?
15 Answers
If someone is left some money in a will but dies before they get the chance to recieve it would it then be passed onto the next of kin or would it be divided amongst the other beneficiaries? ... and no I'm not planning on murdering my wife :-)
Answers
>>>If someone is left some money in a will but dies before they get the chance to recieve it It's not entirely clear whether you're referring to a beneficiary of a will dying before the testator does, or whether you're referring to the testator dying first and the beneficiary dying shortly afterwards (before they've received their share of the estate)....
20:50 Tue 12th Feb 2013
On my parents' wills it says that if I (an only child) don't live for 28 days after them the dosh then goes to my daughters. So presumably if I live over 28 days and then die the money goes to the cats' home I'm leaving my worldly goods to if they don't start treating me as I should like to be treated.
OK my second opinion
It depends on the terms of the will.
However watch Heir Hunters currently running.
Their files are full of dead people who have left money to other dead people
and it goes to whoever the will if it exists directed OR rules of intestacy if there is no will
not the next of kin - sorry I didnt read the q eeek !
It depends on the terms of the will.
However watch Heir Hunters currently running.
Their files are full of dead people who have left money to other dead people
and it goes to whoever the will if it exists directed OR rules of intestacy if there is no will
not the next of kin - sorry I didnt read the q eeek !
>>>If someone is left some money in a will but dies before they get the chance to recieve it
It's not entirely clear whether you're referring to a beneficiary of a will dying before the testator does, or whether you're referring to the testator dying first and the beneficiary dying shortly afterwards (before they've received their share of the estate).
Second one first ('cos it's easiest):
If the beneficiary dies while waiting to receive their inheritance then that inheritance still forms part of the beneficiary's estate (and is then distributed in accordance with the terms of their own will, or the intestacy laws, as appropriate).
Now the trickier one:
A well-drafted will should state what should happen if a named beneficiary dies before the testator. (The money could be given to someone else entirely, given to a relative of the beneficiary, 'added to the pot' for the surviving beneficiaries, or anything else that the testator desires).
If the will does not specify what should happen if a beneficiary pre-deceases the testator, then what will happen depends upon whether or not the intended beneficiary was a son or daughter of the testator. If so, the gift under the will is shared equally between their children, if any. (under certain circumstances, grandchildren can also inherit here).
Otherwise, any specific legacies or bequests ('£1000' or 'my diamond brooch') are added to the pool (if any) to be shared out among other beneficiaries. Anything which isn't covered under the terms of the will is treated as creating a partial intestacy, with the normal intestacy rules applying.
It's not entirely clear whether you're referring to a beneficiary of a will dying before the testator does, or whether you're referring to the testator dying first and the beneficiary dying shortly afterwards (before they've received their share of the estate).
Second one first ('cos it's easiest):
If the beneficiary dies while waiting to receive their inheritance then that inheritance still forms part of the beneficiary's estate (and is then distributed in accordance with the terms of their own will, or the intestacy laws, as appropriate).
Now the trickier one:
A well-drafted will should state what should happen if a named beneficiary dies before the testator. (The money could be given to someone else entirely, given to a relative of the beneficiary, 'added to the pot' for the surviving beneficiaries, or anything else that the testator desires).
If the will does not specify what should happen if a beneficiary pre-deceases the testator, then what will happen depends upon whether or not the intended beneficiary was a son or daughter of the testator. If so, the gift under the will is shared equally between their children, if any. (under certain circumstances, grandchildren can also inherit here).
Otherwise, any specific legacies or bequests ('£1000' or 'my diamond brooch') are added to the pool (if any) to be shared out among other beneficiaries. Anything which isn't covered under the terms of the will is treated as creating a partial intestacy, with the normal intestacy rules applying.