Q&As

Does interest accrued on pecuniary legacies during the administration of an estate count towards the nil rate band allowance in a discretionary trust?

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Published on LexisPSL on 29/04/2015

The following Wills & Probate Q&A provides comprehensive and up to date legal information covering:

  • Does interest accrued on pecuniary legacies during the administration of an estate count towards the nil rate band allowance in a discretionary trust?

Does interest accrued on pecuniary legacies during the administration of an estate count towards the nil rate band allowance in a discretionary trust?

AEA 1925, s 44 provides that PRs have at least a year from the date of death before any beneficiary may call on them to distribute any part of the estate with pecuniary legatees entitled to interest on the amount of their legacy from the time when payment of the legacy is

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