Law speak; please explain

Soldato
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?
 
Associate
Joined
6 Dec 2003
Posts
2,389
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.
 
Man of Honour
Joined
24 Sep 2005
Posts
34,158
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.
 
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