Not Enough money to pay gifts in a will

[MColeman82]

Can some help me, Im trying to work out what happens if after debts have been paid their isnt enough money to pay out gifts written in a will?

 

[Thirsty]

At the risk of stating the obvious, if there isn't money in the estate, you can't pay out the bequests.

 

[Padraigb]

But if there are some assets, it becomes more complicated.

As a relatively simple example: if there are bequests totalling €20,000, and there is only €10,000 available, then everybody gets 50%; you can't decide that some bequests outrank others. But if the bequests include some non-monetary things (like a house) it's a minefield, and I don't know how you should proceed.