Video Summary
What happens if a beneficiary listed in my Will dies before me? Well, usually a Will, whenever they’re drafted, makes provision to say what happens to the devise where you’re leaving something to someone and says, in the event that the beneficiary dies before me, I direct that this devise either lapse and becomes a part of the residual portion of my estate, or in the alternative goes to their children or such as their children who survived me. Another way that you may see that in a Will is whenever you have several beneficiaries and you say that I leave my estate to two or three beneficiaries and equal shares per capita. What that means is, is then you count the number of heads that are alive at the time of your death, and that’s who would receive it. So if one of ’em would die before you, then the other two out of the three would receive the estate. The other term that is used is per stirpes or strips it looks like, and that means that if one of the beneficiaries would die, it would go to their children or heirs. So that was what happens in the event that you beneficiary dies. Before you do, if you have any questions, give me a call at (727) 847-2288.