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The Common Room / Re: will reported in newspaper
« on: Thursday 04 April 24 08:19 BST (UK) »
Well, the will was very very long and was making sure that if the 1st 2nd and 3rd sons died and their possible 1st 2nd and 3rd (grand)sons died etc etc what would happen to all the possible combinations of inheritances and for the daughters, and then the trustees had to make quite a few decisions as to what would be best for them and the uses of the Trust funds.
The £96,000 looks more like what he was specifying in the immediate period and that the total estate and all in the Trust funds was far more.
e.g. for starters:
His wife got £1000 within a month. 4 sisters - £1000 each. 2 godsons £1000 each. Other godchildren £100. Wife : plate pictures books china glass furniture jewellery carriages motor cars and gear related and all other ....except my racehorses and stud horses.
Then lots about investments, and interests and mortgages.
The wife could stay at the house as long as unmarried, then to eldest son etc etc etc
£20,000 to each of the 4 children to be set aside.
From the residue of the trust fund £12,000 per year to wife if unmarried and £2000 if she does remarry.
Once she has died or remarried then the amount that was going to the wife would be directed elsewhere if there is a suitable child or grandchild to benefit.
I am not even half way through.
On and on it goes.
I can't find any more about the horses.
The money has to be invested in companies that have a record of dividend at the rate of not less than £4 per centum on its ordinary stock ....
The trustees have quite a bit of work to do and do get legacies.
His children were born between 1900 and 1914 so were 21 or under when he died.
The £96,000 looks more like what he was specifying in the immediate period and that the total estate and all in the Trust funds was far more.
e.g. for starters:
His wife got £1000 within a month. 4 sisters - £1000 each. 2 godsons £1000 each. Other godchildren £100. Wife : plate pictures books china glass furniture jewellery carriages motor cars and gear related and all other ....except my racehorses and stud horses.
Then lots about investments, and interests and mortgages.
The wife could stay at the house as long as unmarried, then to eldest son etc etc etc
£20,000 to each of the 4 children to be set aside.
From the residue of the trust fund £12,000 per year to wife if unmarried and £2000 if she does remarry.
Once she has died or remarried then the amount that was going to the wife would be directed elsewhere if there is a suitable child or grandchild to benefit.
I am not even half way through.
On and on it goes.
I can't find any more about the horses.
The money has to be invested in companies that have a record of dividend at the rate of not less than £4 per centum on its ordinary stock ....
The trustees have quite a bit of work to do and do get legacies.
His children were born between 1900 and 1914 so were 21 or under when he died.