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Difference between revisions of "Making and Executing a Will (16:III)"
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Making and Executing a Will (16:III) (view source)
Revision as of 22:36, 9 August 2021
, 22:36, 9 August 2021→b) Gifts to Children
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* '''SAMPLE:''' “If any person who becomes entitled to any part of my estate is under the age of majority, and I have not specified terms in this Will on which my Trustee is to hold that part, I direct my Trustee to hold that part, and: | * '''SAMPLE:''' “If any person who becomes entitled to any part of my estate is under the age of majority, and I have not specified terms in this Will on which my Trustee is to hold that part, I direct my Trustee to hold that part, and: | ||
::(a) pay or use so much of the income and capital of that person’s part of my estate as my Trustee decides for that person’s benefit until that person reaches 19; | |||
::(b) add any income not paid or used in any year to the capital of that person’s part of my estate; | |||
::(c) give that person what remains of that person’s part of my estate when that person reaches 19, but if that person dies before reaching 19, give what remains of that person’s part of my estate to that person’s estate; and | |||
::(d) at any time my Trustee decides, my Trustee may give some or all of that part of my estate to that person’s parent or guardian as trustee [, other than [name of person to exclude, if any,]] to receive and hold that part of my estate for that person’s benefit on the same terms as set out in paragraphs (a), (b) and (c) above. When the parent or guardian receives that part of my estate, my Trustee is discharged in connection with that part of my estate and need not inquire about how it is used.” | |||
(See 2020 CLEBC ''Wills and Personal Planning Precedents'', 20.4.) | (See 2020 CLEBC ''Wills and Personal Planning Precedents'', 20.4.) | ||
