Tolley's Administration of Estates

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This work covers all the important legal, tax and accounts issues surrounding estates, and includes a variety of useful examples of completed forms and accounts to provide practical assistance.

Written by a team of more than 20 distinguished authors, this practical and accessible guide provides full coverage of all aspects of estate administration and distribution. Special topics also covered include heritage property, insolvent estates, pensions, and post-death variations and disclaimers.

Published in association with the Society of Trust and Estate Practitioners, this service has been designed specifically to help all those involved with the day-to-day running of estates — not only lawyers but also others appointed as executors, such as accountants and bankers. Legacy managers working for charities will find this title of great practical assistance.

Issue 63, April 2024

The following chapters have been updated:

Division B:
B2: Disposal of Body
B4: Obtaining the Will
B7: Raising Funds to pay Inheritance Tax

Division C:
C13B: The Estate on Death: Extent and Valuation Principles
C14: Completing IHT Accounts
C15: Further Inheritance Tax Issues

Division D:
D1: Undertaking the Administration: Duties and Powers
D2: Exercise of Powers by Personal Representatives
D3: Source of Powers of Personal Representatives
D4: Delegation of Powers by Personal Representatives
D5: Liability and Protection of Personal Representatives
D6: Limitation Periods
D7: Missing Beneficiaries
D8: Realising the Estate
D9: Discharging Debts and Liabilities in the Solvent Estate

Division E:
E1: Preliminary Considerations
E2: Ascertaining the Beneficiaries under Intestacy or Partial Intestacy
E3: Property not Passing under the Provisions of a Will and not Subject to the Intestacy Rules
E4: Failure and Lapse of Gifts
E6: Payment of Legacies
E7: Distribution of Residue

Division F:
F1: Income Tax and Capital Gains Tax to the Date of Death
F2: Income Tax Liability of the Personal Representatives during the Administration Period
F3: Income Tax Position of the Beneficiaries during the Administration Period
F9: Self-assessment


 Christopher Whitehouse , Barrister, 5 Stone Buildings, Lincoln's Inn Contributor
 David Gallagher , BA (Cantab), Partner, Pensions Group, Field Fisher Waterhouse LLP Contributor
 Frances Stephens , MA, ACA, Rawlinson & Hunter Contributor
 Henry Frydenson , LLB, Principal, Frydenson & Co, Chair of ACTAPS Contributor
 Ian Burman , Partner, Laytons Contributor
 John Thurston , LLB, Solicitor Contributor
 Keith Biggs , Probate consultant Contributor
 Martyn Frost , FCIB, Director, Trenfield Trust and Estate Consulting Ltd Contributor
 Matthew Pintus , BA, Partner, Macfarlanes Contributor
 Michael Wood , MBA, LLB, ATII, Solicitor, Consultant to The College of Law, Professional Development Division — lead tutor for the Private Client Programme Contributor
 Peter Gausden , Solicitor, Private Client Consultant, Rowlinsons Contributor
 Philip Walford , MMATH (Oxon), Barrister, 11 New Square, Lincoln's Inn Contributor
 Professor Lesley King , LLB, Dip Crim, Solicitor, Professional Development Consultant at The College of Law, Store Street, London Contributor
 Robin Paul , MA (Oxon), Principal, Withers LLP Contributor
 Simon Jennings , MA, FCA, Partner, Rawlinson & Hunter Contributor
 Susan Johnson , BA, CTA, ATT, Head of Trusts and Estates, Moore Stephens LLP Contributor