How do I redistribute the assets EQUALLY to the remaining beneficiaries should any of the beneficiaries pass on before the testator?
Please note that this article described how to redistribute the assets EQUALLY instead of PROPORTIONATELY
If you have allocated the assets in your Will to a list of beneficiaries and would like to redistribute these assets EQUALLY to the surviving beneficiary(s) within this list of beneficiaries, you can key in such a clause within our platform.
There are 2 ways to apply such a clause:
- Method 1 - Apply to my entire Will (i.e. my estate)
- Method 2 - Apply to a specific asset
Method 1 - Apply to my entire Will
Under the Select Clauses tab, toggle on "Other Instructions" and key in the following (please edit the relevant details accordingly):
If ANY of the following beneficiary(s):
- my {Relationship}, {Name}, {Identification Number/details}; and/or
- my {Relationship}, {Name}, {Identification Number/details}; and/or
- my {Relationship}, {Name}, {Identification Number/details};
dies before me, the share of my estate which he/she/they would otherwise be entitled to receive under this Will shall be redistributed EQUALLY to the SURVIVING beneficiary(s) stated in this sentence [i.e. EEE; FFF; and/or GGG].
Example:
Method 2 - Apply to a specific asset
Under the Allocate Assets tab, select the asset, and allocate the asset (either entire or partial) to your list of beneficiaries. Under "Additional Instructions" in the asset, key in the following (please edit the relevant details accordingly):
If ANY of the following beneficiary(s):
- my {Relationship}, {Name}, {Identification Number/details}; and/or
- my {Relationship}, {Name}, {Identification Number/details}; and/or
- my {Relationship}, {Name}, {Identification Number/details};
dies before me, the share of this asset which he/she/they would otherwise be entitled to receive under this Will shall be redistributed EQUALLY to the SURVIVING beneficiary(s) stated in this sentence [i.e. EEE; FFF; and/or GGG].
Example:
