Will: all to husband, wife or partner for life, gift over to children
Gifts to anyone, as required. All to spouse for life, inc power
to spend capital. Gift over to children absolutely. Wide trust
powers. Suitable for: person with wealthy children who do
not need large amount of cash on your death and for whom
the "gift over" on death of tenant for life is not important
About this document
This will document allows the testator to give specific gifts or personality or real estate to anyone. The bulk of the main estate passes to the spouse or life partner with a provision to allow the surviving spouse to spend the capital, should they wish. Whatever is left of that trust fund, on the spouse's death, passes to the children. It includes wide trust powers. This will document is most suited to a person with wealthy children, or perhaps simply adult children who do not require large sums of cash. It also assumes that, because the spouse can spend all of the capital of the trust fund, the testator is happy to allow the spouse to distribute that capital as they like perhaps even to a second partner.
The Net Lawman wills are suitable for most situations. If the will you need is not here, we can draw a will to your precise instructions for a very reasonable fee.
In these descriptions: "remainder man" means the person entitled to capital and any accumulated income after the death of a person with a life interest (a tenant for life).
Application
and features
Comprehensive templates - delete what you do not need
Inclusion of sensible administrative provisions
Use of plain English
Comprehensive explanatory notes
Contents
Details of the testator
Details of executors and trustees
Specified gifts of money
Specified gifts of property (personality or real estate)
Life interest and marital home to pass to the spouse for life to be used as they desire
Provision for professional trustees or executors to charge a reasonable fee for their services
Trust fund management
Trustees general powers
Minor beneficiaries
Relationship with beneficiaries
Funeral wishes
Example letter of intent
Extensive notes to guide you
Word
Count (approximate):
Document: 1880
words
Explanatory notes:
2260
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
