Trusts, Settlements and Estates Manual

TSEM6114 - Legal background to trusts & estates: no valid will - the end of an administration period

Administrators can usually say when they have completed all their duties. Sometimes it is difficult for them to give a precise finishing date.

They prepare a statement of account showing what has come in, and what is payable out. Outgoings include expenses and inheritance tax. The administrators then calculate the amount of 바카라 사이트˜residue바카라 사이트™. This account is known as the 바카라 사이트˜ascertainment of residue바카라 사이트™.

Normally the date of ascertainment of residue will be the end of the administration period. Occasionally the facts may show that the administration period ended at some other date.