TSEM6110 - Legal background to trusts & estates: the three phases of an administrator's duties

»Ê¹ÚÌåÓýapp period of administration starts with the date of death, and finishes when the administrators have discharged all their duties. It has three phases.

Phase 1

»Ê¹ÚÌåÓýapp administrators

  • arrange the deceased’s funeral
  • get details of all assets and debts
  • complete any return needed for inheritance tax
  • get letters of administration, recognising their lawful ownership of the assets of the deceased.

Phase 2

»Ê¹ÚÌåÓýappy bring the assets together in their hands.

Phase 3

»Ê¹ÚÌåÓýappy

  • pay the debts of the deceased
  • find out what is left (ascertain the residue)
  • assent to the entitlement of a beneficiary, or
  • assent to the residue being held in accordance with the rules of intestacy.