How do I add a modified substitute beneficiary clause in my Will, which excludes Specific Gifts with Additional Instructions that specify a different redistribution?
Say you intend for part of your estate, which includes various specific gifts (such as a property) and residual assets, to be left to your wife, but upon her passing, you would like the some of the gifts to be redistributed to your son while all other assets are distributed amongst your son and other family members.
To do so, you can make the following configurations within the platform.
List the asset(s) individually under the "Allocate Assets" tab and allocate them accordingly. Under "Additional Instructions" within the asset details, include one of the substitute beneficiary clauses (specific assets), depending on whether the redistribution is to a single or multiple beneficiaries.
If my {Relationship}, {Name}, {Identification Number/details}, dies before me, the share of this asset 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 this asset 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};
- XX% to my {Relationship}, {Name}, {Identification Number/details}.
OR
If ALL of the following beneficiaries:
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
die before me, the share of this asset which they would otherwise be entitled to receive under this Will shall be redistributed to my {Relationship}, {Name}, {Identification Number/details}.
OR
If ALL of the following beneficiary(s):
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
die before me, the share of this asset which they would otherwise be entitled to receive under this Will shall be redistributed in the following manner:
- XX% to my {Relationship}, {Name}, {Identification Number/details};
- XX% to my {Relationship}, {Name}, {Identification Number/details}.
For the remaining assets, under "Select Clauses >> Other Instructions", input one of the modified substitute beneficiary (general) clauses, depending on whether the redistribution is to a single or multiple 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, excluding any Specific Gifts with Additional Instructions that specify a different redistribution, 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, excluding any Specific Gifts with Additional Instructions that specify a different redistribution, shall be redistributed in the following manner:
- XX% to my {Relationship}, {Name}, {Identification Number/details};
- XX% to my {Relationship}, {Name}, {Identification Number/details}.
OR
If ALL of the following beneficiaries:
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
die before me, the share of my estate which he/she would otherwise be entitled to receive under this Will, excluding any Specific Gifts with Additional Instructions that specify a different redistribution, shall be redistributed to my {Relationship}, {Name}, {Identification Number/Details}.
OR
If ALL of the following beneficiaries:
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
- my {Relationship}, {Name}, {Identification Number/details};
die before me, the share of my estate which he/she would otherwise be entitled to receive under this Will, excluding any Specific Gifts with Additional Instructions that specify a different redistribution, shall be redistributed in the following manner:
- XX% to my {Relationship}, {Name}, {Identification Number/details};
- XX% to my {Relationship}, {Name}, {Identification Number/details}.
