The following Wills & Probate guidance note provides comprehensive and up to date legal information covering:
The beneficiaries will want to know that the estate is being effectively administered by the personal representatives (PRs) and will be concerned to receive their entitlements under the Will or intestacy as quickly as possible.
Section 44 of the Administration of Estates Act 1925 gives executors and administrators at least a year from the date of death before beneficiaries can call on them to distribute any part of the estate.
While the estate is being administered, the ownership in the deceased's unadministered assets lies in the PRs for the purposes of administration, without any distinction between legal and equitable interests.
No beneficiary in the meantime, whether under the deceased's Will or intestacy has any proprietary interest in any particular asset comprised in the unadministered estate.
The beneficiary's entitlement during the administration is to a chose in action, ie the right to require the deceased's estate to be duly administered.
The chose in action is transmissible, inter vivos or on death.
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234