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What is the order of abatement of legacies where the residue of a solvent estate is insufficient to meet testamentary expenses?

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Published on: 08 October 2021
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Inheritance tax on unsettled property which vests in the Personal representatives is a testamentary expense. See: section 211(1) of the Inheritance Tax Act 1984.

Schedule 1 Part II to the Administration of Estates Act 1925 sets out the order of application of the assets within a solvent estate for

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

The receipt by legatees of part of or none of their entitlement due to insufficient assets to discharge the entitlements in full.

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