Law speak; please explain

carlazai · 2 Oct 2015 at 23:32

Just got my nans will and it contains a confusing term which i think i understand but not sure. Can someone explain so i am 100%:

"£xxxxx or a quarter share share in the combined value of the estate which ever shall be greater".

The estate is greater than the cash value listed, does that mean the estate value is available or is it the cash value?

nade · 2 Oct 2015 at 23:36

Sounds to me like you'll get quarter share of the combined estate... you won't get money/cash unless the "estate" is sold I would think.

Nitefly · 2 Oct 2015 at 23:36

It's whatever is the greater sum out of (1) amount £xxxxx, or (2) a quarter of the estate.

The rest of the terms of the will, considered.

carlazai · 2 Oct 2015 at 23:39

Thanks all, i guessed it was whichever was greatest, in this case the estate. Thanks nan!!