If my father has left specific amounts to 3 grandchildren in his Will, what happens if there isn’t enough money left to cover this?

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If my father has left specific amounts to 3 grandchildren in his Will, what happens if there isn’t enough money left to cover this?

Asked on April 29, 2015 under Estate Planning, Wyoming

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Sorry to hear about your father.

If your father's estate is not sufficient to pay the beneficiaries named in his Will, then the amount that each grandchild receives is reduced proportionately.  By reducing the amounts proportionately, each grandchild will be able to receive part of the bequest.


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