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Sat 21 Apr, 2012 08:58 am
i was left part of an estate worth 100,000. the will states the trust be divided into two equal parts. First part was split evenly between 2 charities. the second was to be divided according to different percentages bequethed to 13 induviduals. the percentages are as follows:
MR geoff= 25%
Ms Martin =10%
MR Wiley= 2.5%
Ms Bow= 3.5%
Ms bert= 1%
Ms gretta = 10%
Ms martn= 3.5%
Mr swan= 10%
TOTAL 65.5% OF 1/2 estate
As i said, there were 13 heirs of which 5 passed away. will clearly states heirs who predecease the wills distibution, their percentages totalling remainder( 34.5%) will be pro-rated acording to the percentages specified in the will. Can anyone please help me and posibly (briefly) explain the solution. thank you
@yogeoff,
Shares of half of the estate:
MR geoff= 25/65.5
Ms Martin =10/65.5
MR Wiley= 2.5/65.5
Ms Bow= 3.5/65.5
Ms bert= 1/65.5
Ms gretta = 10/65.5
Ms martn= 3.5/65.5
Mr swan= 10/65.5
TOTAL 65.5/65.5 OF 1/2 estate
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