Clause—residue left in equal or unequal shares

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Precedents

Clause—residue left in equal or unequal shares

Copyright © 2025 LexisNexis

Published by a LexisNexis Private Client expert

Precedents
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    1. 1

      [My Trustees shall hold my Residuary Estate and the income of it on trust to divide it or treat it as being divided into [insert number] shares of equal value and shall hold them on the following trusts and subject to the following provisions.

      1. 1.1

        My Trustees shall hold such shares on trust absolutely:

        1. 1.1.1

          as to [number of shares] of them for [name of beneficiary] of [address of beneficiary]

        1. 1.1.2

          as to [number of shares] of them

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Jurisdiction(s):
United Kingdom
Key definition:
Share definition
What does Share mean?

A stake in a company which confers ownership rights on the holder. shares are also known as equities.

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