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  • Overview

    Richard Cousins, chief executive of Compass Group, died in a seaplane crash with his two sons, fiancée, and her daughter on New Year’s Eve 2018. Had his sons survived him, they would have inherited his £41 million fortune. Instead, the great majority of his  state was left to Oxfam as a result of a ‘common tragedy clause’ in his Will which set out what would happen if the sons died before, or at the same time as, Mr Cousins.

    Much has been made in the media of the ‘windfall’ inherited by Oxfam as a consequence of this ‘common tragedy clause’. If you have already made a will and you can’t see any reference to such a term, don’t worry; it is more commonly known as a ‘default clause’ or ‘long stop provision’...

    Article written by Amy Wilford and Sarah Nettleship, Thomson Snell & Passmore originally published in ePrivate client. Read the full article here: Planning for all eventualities: The use of 'common tragedy clauses' in wills.

  • Related Services

    Wills, Trusts & Tax Planning

    Our specialist lawyers provide high quality, intelligent advice that is comprehensive, considered and clear.

    Probate disputes

    When someone dies, bitter disputes can arise between family members or between family and non-family beneficiaries such as charities.

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By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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