Menu

Top Services:

Property & Conveyancing We recognise that property transactions and related issues require...

Wills & Estate Planning When someone dies, there are many practical considerations which...

Mortgage A mortgage involves the transfer of an interest in land as security for a loan or other obligation...

Top Articles:

Tips for Purchasing a Property At Conveyancing Parramatta, we understand how...

Preparing Your Home for Sale There can be a number of reasons why you want to sell your house...

Contract subject to Tenancy? Q. Is a Buyer entitled to vacant possession of the property if, on the Contract...

PDF Print E-mail
 

o    When a beneficiary dies before the person making the will, the benefit 'lapses'.  This means it will pass to the person who was to receive the 'residue' of the estate.  If there is no 'residue' clause, this will be the person(s) who would get it on intestacy.
o    However, if the person who was to receive the benefit is a child of the person making the will and that child leaves their own children (the grandchildren), their share passes to the estate of such deceased child (not necessary to the grandchildren), unless the will states otherwise.
o    When a beneficiary dies after the death of the person who has made the will, even if not then paid out, their share is part of their estate and will pass to their beneficiaries.