BARCLAYS WEALTH ESTATES & TRUSTS

A gift of a sum of money or a specific item of property
will not take effect if the intended recipient passes away
before you. If that happens, that gift will form part of your
residuary estate and be disposed of in accordance with your
wishes outlined in Sections 6 and 7. You may find that is
acceptable with your wishes but if it is not, please indicate
on the form your intended substitute beneficiaries.
Section 6
Residue
This is what’s left of your estate after funeral expenses,
inheritance and other taxes, debts and liabilities, legal
costs, executor’s fees, legacies and other costs have been
deducted. You must name a beneficiary or beneficiaries to
inherit the residue in every will, as it is unlikely that your
estate can be disposed of by specific gifts alone.
Issue
This means children, their children and so on all the way
down the family tree.
Section 7
Alternative wishes – we recommend that you specify reserve
beneficiaries in the event that all the named beneficiaries of
the residue of your estate, indicated in Section 6, pass away
before you. If not, your estate could pass under the laws of
intestacy. You may, for example, wish to leave half your estate
to your parents, the remaining half to your partner’s parents.
If they pass away you could specify that brothers and sisters
inherit (or their issue). Alternatively, you may want to name
a charity/charities. The choice is yours.
*Helpline available 9am to 5pm Monday to Friday. Calls charged at local rates.
Section 8
The Declaration
Your will cannot be prepared without a signed Declaration.
For mirror wills, both partners must sign. Please read the
Declaration carefully before signing.
The Barclays Will Writing Service aims to send you your
will(s) within approximately ten working days of Irwin
Mitchell receiving your Will Instruction Form. Please allow
for seasonal postal delays. Irwin Mitchell will include notes
explaining the signing procedure, the clauses in the will,
and so on.
If you do not receive the documents within this period
please call the Barclays Will Writing helpline on
08457 585 443*.
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