Estate administration

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Estate administration guidance:

In administering the assets of an estate, there are some assets and liabilities that can be easily overlooked and apart from checking whether these exists the personal...

Practice Note

Foreign estates Personal representatives (PRs) will come across foreign estates in the context of foreign located assets, foreign-located deceased (in the sense of...

Practice Note

Digital assets survive incapacity or death. Anyone who owns a digital device or has an online account should have a plan for dealing with that asset, whatever their age....

Practice Note

This Practice Note explains the phenomenon of ‘crypto-assets’, namely assets which are issued using distributed ledger technology, alternatively known as blockchain...

Practice Note

Insolvent estate If an estate is insolvent, the beneficiaries under the Will or the next of kin under the intestacy rules will receive nothing, nor will all the creditors...

Practice Note

Time for payment Personal representatives (PRs) have a duty to pay the deceased's debts with due diligence, having regard to the assets in their hands that are properly...

Practice Note

STOP PRESS:An announcement in Autumn Statement 2015 indicated that the government will not be introducing restrictions on how deeds of variation can be used for tax...

Practice Note

Effect of the grant The grant of representation is an order of the court, its purpose to confirm the appointment of the personal representative(s) (PRs) and, where it...

Practice Note

FORTHCOMING CHANGE: As originally announced at Autumn Budget 2017 and followed up by written statement after Spring Statement 2018, plus an announcement in Budget 2018,...

Practice Note

FORTHCOMING CHANGE: As originally announced at Autumn Budget 2017 and followed up by written statement after Spring Statement 2018, plus an announcement in Budget 2018,...

Practice Note

FORTHCOMING CHANGE: As originally announced at Autumn Budget 2017 and followed up by written statement after Spring Statement 2018, plus an announcement in Budget 2018,...

Practice Note

For tax purposes registered same-sex couples are treated as spouses. Variations A legatee may alter the effect of a Will or the intestacy provisions by passing to someone...

Practice Note