I am drafting a Will for a client who would like to gift £50,000 or 4% of the estate, whichever one is greater to a beneficiary. I cannot find a precedent for this, wondering if anyone else has any guidance or precedents of this? Thanks
It sounds as if this she be treated as coming out of residue, being a residuary gift of 4% of the residuary estate or £50,000, whichever is the greater.