What's Involved?

Whether or not the person who has died left a Will, the estate will have to be administered. Some estates are very simple to administer while others are very complex. The Executors' and Administrators' duties include:

• identifying all the deceased person's assets and valuing them as at the date of death
• accounting to HMRC for any Inheritance, Income and / or Capital Gains Taxes due
• obtaining the Grant of Probate or Letters of Administration
• gathering in all the assets, including any overseas
• settling all the deceased person's liabilities
• preparing estate accounts
• identifying all the beneficiaries and locating any who are missing or unknown
• correctly distributing the estate to the beneficiaries

Who is responsible?