Getting Your Legacy Quickly. Interim Distributions From Estates
Published date | 07 August 2020 |
Subject Matter | Family and Matrimonial, Wills/ Intestacy/ Estate Planning |
Law Firm | Anthony Gold |
Author | Mr David Wedgwood |
Even in more certain times, many of us from time to time are in urgent need for a cash injection. This may be due to a drop in income or unexpected expenditure.
On the death of a relative, no matter how well-loved and respected, it is natural to enquire as to whether one is left a legacy and how much. That normally isn't a problem, although the process may seem tortuously long-winded. In some circumstances, it is necessary to apply some pressure on executors to release information. My colleague Ryan Taylor sets out in his blog how this might be achieved.
Once you have established that you are mentioned in a will, there are two types of legacies that you might be entitled to. A specific legacy gives an exact amount of money or a specified property, whereas the residual legacy gives you a share in the remainder of the estate after debts and specific legacies have been paid out.
The person in charge of...
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