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Law speak; please explain

Discussion in 'General Discussion' started by carlazai, 2 Oct 2015.

  1. carlazai

    Mobster

    Joined: 16 Feb 2007

    Posts: 2,615

    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?
     
  2. nade

    Wise Guy

    Joined: 6 Dec 2003

    Posts: 2,353

    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.
     
  3. Nitefly

    Man of Honour

    Joined: 24 Sep 2005

    Posts: 34,106

    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.
     
  4. carlazai

    Mobster

    Joined: 16 Feb 2007

    Posts: 2,615

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