I have been shown a copy of an elderly relative's will and would really appreciate someone with more experience than me to decipher it.
There are two trustees appointed. One is Anna and the other is Jane. They are executors and trustees.
There are 3 'pecuniary legacies' - £1000 to Jack, £1000 to John and £10,000 to Anna (trustee #1)
Then, and this is the section I would really appreciate interpretation of the legal speak!
'Subject to the trusts declared above my executors shall transfer to the trustees the Trust Fund to be held upon with and subject to the following trusts powers and provisions of my Will.
The Trustees shall hold the Trust Fund upon trust as to Jane (Trustee #2) Absolutely
There then follows a number of pages which are 'administrative provisions ' and talk about the powers that the trustees have to , for example, lend, invest, manage 'the trust fund'.
There is a house and savings involved in the will. I am a bit confused by the wording and would appreciate clarification if anyone has experience. Jane think she is being left everything, is she right and what is the talk of the trust fund? Will this be fairly straightforward or do you anticipate any issues?
Many, many thanks in advance!