Thanks for your question.
Yes, you are correct. The first part is a specific legacy to a specific person. The second part is the residuary estate clause - the sweeping up clause.
When a person passes away there may be an IHT burden. The Will must therefore deal with how the estate pays this burden.
The first legacy clause does not deal with the payment of IHT. The residuary estate clause does -
"to pay my debts funeral and testamentry expenses and all duty or tax payable"
This means that all IHT payable on the estate is to be paid out of the residuary estate, including the proportion attributable to the value of he gift left in the first specific legacy. The deceased's other debt shall also come out of this.
Whatever is left is to be shared between john doe and jane blogs, or which ever one of them is still alive following the death of the other.
It is important to note that the first legacy does not contain a substitution provision, which means that if the bank account is empty then john doe shall not receive anything else as substitution/replacement.
When a person's estate passes there may be an IHT burden. Each part of the
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