The term child's share is often used for the part a child is entitled to from a parent's estate. Under the statutory division, the surviving partner receives the assets and debts, while the children receive a monetary claim.
Not always immediately payable
In many situations, the child's claim is only payable later, for example when the surviving partner dies, becomes bankrupt or enters debt restructuring. A will can contain additional rules. Interest may also be relevant.
The exact amount depends on the size of the estate, the number of heirs, debts and any provisions in the will.
Why recording matters
It is important to record the claims clearly, even if no money is paid immediately. This prevents uncertainty at the second death or when family circumstances change.
The Inheritance Guide helps collect the information needed to calculate and document the position, together with the notary where needed.