Please help. I have power of attorney for my grandad, and deal with his paperwork. I have a copy of his will, I am unsure of what some of the wording means. It has been set up as a trust. I am troubled as he has dementia, and I would like to know (in english) that this will is actually what he wanted.
Gift of the trust
- My trustees must hold hold the Trust Fund for aaa and bbb as shall survive me and if more than one in equal shares absolutely. If however both of them die before me leaving issue alive, who shall attain or shall of attained the age of 25 years my Trustees shall hold the trust fund for such issue and if more than one in equal shares per stripes absolutely so that no issue shall take whose parent is alive and so capable of taking; and
- subject to that my Trustees must hold the trust fund for xxx and yyy as shall survive me and if more than one in equal shares absolutely. ......it then repeats the wording above re issue and age etc.
Does this translate as aaa and bbb are the beneficiaries but if they die it passes to their children and if the children die it goes to xxx and yyy?
Or
Is the trust split between section 1 and section 2. Divided out, so to speak.
I hope it's ok to ask. I am purely wanting to understand the wording, my grandad gets whatever he wishes.