Common Examples: 100% to spouse, and if spouse dies before me, his/her share to redistribute to parents
Rationale: This is suitable for married couples without children where the parents are self-sufficient. The estate will go entirely to the spouse, and if the spouse does not survive the testator, the estate will be redistributed to the parents.
To achieve this, fill up the details and selections in “Update Profile” and “Appoint People” accordingly.
In the “Allocate Assets” page, you can leave all assets as “No specific allocation”, in which case they will be distributed based on the “Allocate Residual Assets” section.
Under Allocate Residual Assets, allocate 100% to the spouse accordingly.
In the “Select Clauses” page, leave the survivorship period as 30 days and select “Redistribute as Residual Assets”.
Under the “Other Instructions” section, key either of the following substitute beneficiary clauses (please edit the details accordingly) depending on whether are one of more substitute beneficiaries:
If my {Relationship}, {Name}, {Identification Number/details}, dies before me, the share of my estate which he/she would otherwise be entitled to receive under this Will shall be redistributed to my {Relationship}, {Name}, {Identification Number/details}.
OR
If my {Relationship}, {Name}, {Identification Number/details}, dies before me, the share of my estate which he/she would otherwise be entitled to receive under this Will shall be redistributed in the following manner:
- XX% to my {Relationship}, {Name}, {Identification Number/details}; and
- XX% to my {Relationship}, {Name}, {Identification Number/details}.
