Q&As

During the administration of an estate, where the Will provides for a life interest in the residue, when does the administration period end and when does the trust period begin?

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Published by a LexisNexis Private Client expert
Published on: 16 August 2018

The trust period should be defined in the Will and, in the case of a Will trust, will start from the date of death. For Wills executed after 6 April 2010, the trust period will normally be 125 years from the date of death.

The following extract from Tolley’s administration of Estates might be helpful in defining the administration period and, in the case of trusts established under the Will, explaining when the income and gains from trust property stops being taxed in the hands of

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Jurisdiction(s):
United Kingdom
Key definition:
Administration definition
What does Administration mean?

Administration is a procedure under the Insolvency Act 1986, under which a company in financial difficulties is run by an Administrator as a going concern prior to the implementation of longer-term options such as break-up and sale.

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