Administration of Estates
When a person dies their possessions are called their estate.
Except where an estate is very small it
is likely that someone
will need to be appointed to deal with the Administration of the Estate
of the deceased and to deal with payment of any inheritance or other
Taxes that may be due.
Hopefully there will be a tax efficient
will
which might mitigate the Tax liability of the estate.
The also sets out whom the deceased intended to be appointed
as Personal Representatives to deal with the administration.
Where there is no will the law sets out certain categories of
people who can apply.
The Personal Representatives of the
deceased will usually require a Grant of Representation from the
Probate Registry.
