Q&As

A Will makes a specific gift of the net sale proceeds of a property to specific beneficiaries. The Will contains a standard residuary estate clause referring to the payment of debts, expenses and tax. The residuary beneficiaries are different to the specific legatees. The property is subject to a deferred payment charge. Who is responsible for discharging the charge?

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Published on: 22 January 2024
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The nature of the legacy to the non-residuary beneficiaries will depend on the construction of the Will. Legacies can be divided into three types: general, specific and demonstrative.

A general legacy is a gift of non-specific property or money provided out of the testator's general estate that is not a defined or identifiable part of that estate.

A demonstrative legacy is a pecuniary legacy payable out of a particular

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