When apportioning a residuary estate between charitable and non-charitable beneficiaries, the debts should be paid first, the estate divided, and only then the Inheritance Tax calculated. The gross division system used in this case had prejudiced the non-charitable beneficiaries.
Citations:
Times 19-Mar-1999, Gazette 17-Mar-1999, Gazette 31-Mar-1999
Jurisdiction:
England and Wales
Citing:
Not followed – In re Bentham’s Will Trusts 1995
. .
Lists of cited by and citing cases may be incomplete.
Inheritance Tax, Wills and Probate
Updated: 17 June 2022; Ref: scu.82145