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UNIT 24: WILLS AND INHERITANCE

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Presentation on theme: "UNIT 24: WILLS AND INHERITANCE"— Presentation transcript:

1 UNIT 24: WILLS AND INHERITANCE

2 a legatee a legacy decease (d) the estate a probate of the will to be granted to sbdy to be entitled to a legacy in due course to benefit under a clause a beneficiary to provide for a residue a pecuniary legatee

3 to enclose sworn at approximately stocks and shares terraced houses upon the death of a beneficiary a reversion in the estate to realize assets the remainder of the assets to sell by auction the proceeds of the sale

4 substantial transfer tax as to the… ultimate residue in proportion to sthg to elapse a life interest final distribution to be assured that… estate duty


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