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Lanarkshire / Will versus inventory
« on: Saturday 03 September 16 04:42 BST (UK) »
I went through an interesting will for a relative. The will was in Lanarkshire from 1877. He named many beneficiaries - some relatives and some charities with a total amount of about 7,000 pounds. A codicil in 1881 added one more relative and about 30 different charities for 2,800 pounds bringing the total to about 9,800 pounds.
He died in 1882 and the inventory of the estate was about 5,100 pounds. Does this mean the beneficiaries would receive a fraction of the will amounts (e.g. 5100/9800)? If I am understanding this correctly, it seems odd that in 1881 he would not see that his estate was worth far less than what he was allocating (unless there was a drastic change in his fortunes from 1881 to 1882)?
Am I missing something? Thank you.
He died in 1882 and the inventory of the estate was about 5,100 pounds. Does this mean the beneficiaries would receive a fraction of the will amounts (e.g. 5100/9800)? If I am understanding this correctly, it seems odd that in 1881 he would not see that his estate was worth far less than what he was allocating (unless there was a drastic change in his fortunes from 1881 to 1882)?
Am I missing something? Thank you.