Maltese Will Distribution Explained

Summary

The total estate value is €7,132,105, including donations. Mary Buhagiar receives €1,000,000, and each of the 7 grandchildren receives €25,000, totaling €175,000. The remaining estate is €5,957,105. Mary Graces reserved portion is €973,050, as per Maltese law. The remaining estate, after deducting Mary Graces portion, is divided equally among Simone, Paula, and Carmelina. Maltese law ensures reserved portions for children, and legacies and donations are part of the estate. Consulting a Maltese legal expert is advised to ensure compliance with legal nuances.

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Please work out how much each person is entitled by taking the below into consideration: Total lifetime assets of the testator including donations given : Euro *,*,* Total value of monetary and property donations given to all four children before death : Euro *,*,* that is Euro *,* each child. There are * grandchildren. The rest of the remaining assets are property, money and funds. Please calculate how much each person will be entitled to. Also please quote reasons and laws of malta. If all donations are treated as part of the full estate so the total estate is Euro *,*,* calculate the amounts each person gets and deduct Mary Grace total received as Euro *,* as she sold some property and this amount includes her gains.
To calculate the entitlements, we'll consider the Maltese inheritance laws and the will's provisions:
*. Total Estate Value: €*,*,* (including donations).
*. Donations to * children: €*,*,* (€*,* each).
*. Legacies:
- Mary Buhagiar (spouse): €*,*,*.
- * grandchildren: €*,* each = €*,* total.

*. Remaining Estate:
- Total estate minus legacies: €*,*,* - €*,*,* - €*,* = €*,*,*.
*. Mary Grace's Reserved Portion:
- Her total received: €*,*.
- Maltese law allows for the reserved portion for Mary Grace as she is a child, ensuring her entitlement.
*. Universal Heirs (Simone, Paula, Carmelina): Remaining estate divided equally minus Mary Grace's reserved portion:
- (€*,*,* - €*,*) divided among Simone, Paula, Carmelina equally.
*. Legal Considerations (Maltese Law):
- Reserved portions for children under Maltese inheritance law.
- Legacies and donations are considered part of the estate.
To proceed accurately, it's advised to consult a Maltese legal expert to ensure all legal nuances and reserved portions are respected properly.
Please work out how much each person is entitled by taking the below into consideration: Total lifetime assets of the testator including donations given : Euro *,*,* Total value of monetary and property donations given to all four children before death : Euro *,*,* that is Euro *,* each child. There are * grandchildren. The rest of the remaining assets are property, money and funds. Please calculate how much each person will be entitled to. Also please quote reasons and laws of malta. If all donations are treated as part of the full estate so the total estate is Euro *,*,* calculate the amounts each person gets and deduct Mary Grace total received as Euro *,* as she sold some property and this amount includes her gains.
Here's a breakdown of the entitlements based on the will and Maltese inheritance laws:
*. Total Estate Value: €*,*,* (including donations).
*. Legacies:
- Mary Buhagiar (spouse): €*,*,*.
- * grandchildren: €*,* each, totaling €*,*.
*. Remaining Estate:
- Total estate minus legacies: €*,*,* - €*,*,* - €*,* = €*,*,*.
*. Mary Grace's Reserved Portion:
- Total received: €*,*.
- Maltese law ensures a reserved portion for children.
*. Universal Heirs (Simone, Paula, Carmelina):
- Remaining estate divided equally minus Mary Grace's reserved portion: (€*,*,* - €*,*) divided equally among Simone, Paula, and Carmelina.
*. Legal Considerations (Maltese Law):
- Reserved portions for children must be respected.
- Legacies and donations are part of the estate.
To ensure all legal nuances and reserved portions are properly respected, consulting a Maltese legal expert is recommended.