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However, if no will is left, or the will is invalid or incomplete in some way, then administrators must be appointed. They perform a similar role to the executor of a will but, where there are no instructions in a will, the administrators must distribute the estate of the deceased according to the rules laid down by statute and the common trust.
all existing rules of descent (whether arising from the common law, custom, gavelkind, Borough English or otherwise) tenancy by the curtesy and any other estate a husband may have where his wife dies intestate; dower, freebench and any other estate a wife may have where her husband dies intestate
allowances with respect to other duties already paid; The estate, but: the executor accounts for all property subject to the duty, he must pay duty on all property that has passed to him, and; the rest of the duty must be paid by the beneficiaries and trustees concerned (except where the executor has already done so)
While the trustee is given legal title to the trust property, in accepting title the trustee owes a number of fiduciary duties to the beneficiaries. The primary duties owed are those of loyalty, prudence and impartiality. [6] Trustees may be held to a high standard of care in their dealings to enforce their behavior.
A will includes the appointment of an executor or executors. One of their duties is to apply to the Probate Division of the High Court for a grant of probate. [27] [28] An executor can apply to a local probate registry for a grant themselves but most people use a probate practitioner such as a solicitor. If an estate is small, some banks and ...
An executor is charged with overseeing the distribution of someone's assets according to the will or state inheritance laws if they die without a will. ... In order for a beneficiary to sue an ...
Order in Council under the Government of Ireland Act, 1920 fixing Appointed Day for certain provisions relating to the Supreme and Appeal Courts, Judges and Offices (SR&O 1921/1527) Regulations under the Riot (Damages) Act 1886, as to claims for compensation. (SR&O 1921/1536) Celluloid (Manufacture etc.) Regulations 1921 (SR&O 1921/1825)
The executor of a will plays a very important role in the process of closing a deceased individual's estate. Although many think of executors as simply the people who inform heirs of what they've ...