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Administration of Estates Act 1925

»Ê¹ÚÌåÓýapp administrators become the legal owners of the deceased’s estate, but not for their own benefit. »Ê¹ÚÌåÓýappy are required to sell the assets and meet all debts of the estate. »Ê¹ÚÌåÓýappy may postpone the sale if they think this is advantageous.

»Ê¹ÚÌåÓýappy pay for the funeral, and meet any debts (including inheritance tax), out of the proceeds of sale. »Ê¹ÚÌåÓýappn they calculate the amount of ‘residueâ€�. This latter process is known as the ‘ascertainment of residueâ€�. »Ê¹ÚÌåÓýapp rules of intestacy provide for distributing the residue. »Ê¹ÚÌåÓýappy are primarily contained in the . Details of the rules of intestacy are at TSEM7800 onwards