100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Administration of estates. £2.99   Add to cart

Exam (elaborations)

Administration of estates.

 69 views  2 purchases

Consolidated notes on administration of estates.

Preview 1 out of 2  pages

  • March 25, 2019
  • 2
  • 2018/2019
  • Exam (elaborations)
  • Only questions
All documents for this subject (10)
avatar-seller
msellex
Administration of estate and oaths

Property passing “automatically”
 Claimed by producing death certificate e.g. joint property/bank accounts
 No need for PRs grant

Property passing by will

1. Grant of probate
 Named executors that can act will take grant of probate (can always be sole executor).
 No limit on number of executors that can be appointed, but probate will be granted to a
maximum of four executors in respect of the same property. Power may be reserved to the
other(s) to take out grant in future if vacancy arises.
 Appointment not affect by the fact the will may fail to dispose of some or all the deceased
assets.
 Minors can be named as executors but cannot act if a minor still at testator’s death – if no
other executors/administrators – minor parents/guardian given grant of letters of
administration with will annexed until minor reaches 18.
 If former spouse/CP names as executor, appointment will fail unless testator shown
intention to the contrary.
 Oath for executors (must support grant of representation)

2. Grant of letter of administration with will annexed
 No named executor/dead/not acting then grant of letter of administration with will
annexed.
 Order of who can apply – NCPR rule 20:
o any residuary beneficiary holding property in trust for another person;
o any other beneficiary or any other person entitled to the residuary estate not
disposed of by the will;
o the personal representative of any residuary beneficiary (except those holding
property in trust for another person) or person entitled to the residue not disposed
of by the will;
o any other beneficiary or a creditor of the deceased, and;
o the personal representative of a creditor of the deceased.
 When applying, must explain why there is no applicant of higher ranking, called ‘clearing off’.
 If two or more persons entitled at same level, grant can be awarded to any of them without
prior notice to the other.
 Two administrations required if life/minority interest.
 Oath for administration with will annexed (must support grant of representation)

No valid will

3. Grant of administration
 NCPR rule 20 – relatives in order of who can apply for grant of administration.
 Beneficial entitlement:
o Spouse/cp
o children and grandchildren if parents predeceased
o parents
o whole blood siblings
o half-blood siblings

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller msellex. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£2.99  2x  sold
  • (0)
  Add to cart