Distribution of the estate

Distribution of the estate guidance:

Ascertainment of residue Once the legacies have been paid, the personal representatives (PRs) can establish the amount available for distribution to the residuary...

Practice Note

Assent by personal representative Personal representatives (PRs) can transfer assets to beneficiaries in any way appropriate for the lifetime transfer of such property....

Practice Note

The basic position The beneficiaries will want to know that the estate is being effectively administered by the personal representatives (PRs) and will be concerned to...

Practice Note

Duty to keep estate accounts Section 25 of the Administration of Estates Act 1925 (AEA 1925) gives personal representatives (PRs) a duty to keep accounts of the...

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

Identification The personal representatives (PRs) must identify: • the beneficiary entitled • what each beneficiary is entitled to receive • the time at which each legacy...

Practice Note
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