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Second home in will

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  • Second home in will

    Hello*
    i am updating my Will and am leaving my home to my son*
    â€i am leaving my personal chattels to a family friend and want to know if this will include my second home which I have never rented and not used much in the last few years*
    if personal chattels doesn't cover the second home do I have to specifically refer to this to ensure my friend gets this as well
    thanks*
    Tags: None

  • #2

    In the context of estates of deceased persons who have died intestateon or after 1 October 2014, personal chattels is defined as tangible movable property butnot:
    • Money or securities for money.
    • Property used by the deceased at his death solely or mainly for business purposes.
    • Property held by the deceased at death solely as an investment.

    (Section 3Inheritance and Trustees Powers Act 2014.)

    It may be assumed the definition also applies to wills and so does not include real property.
    So if you wish to be certain your friend inherits it it should* be specified in your will. It will hopefully prevent any disputes!

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