There’s a specific protocol to follow while handling a deceased person’s estate. 

It is the responsibility of the Estate’s Executors to settle any outstanding debts before any assets are dispersed. Utility bills, taxes, and burial expenses are all examples of such expenses. 

Pecuniary legacies, or bequests of a fixed monetary sum, are next in line for fulfilment. Gifts of specific items, such as jewellery, are also possible. 

The last distribution comes from the Residuary Estate. 

The tracing of beneficiaries or the sale of an asset like a house might cause delays in the distribution of assets. It’s also possible that someone has already threatened to file a claim against the estate, in which case the executors would be wise to hold off on any distribution until the claim is resolved. 

The executors will also need to ensure that a full set of Estate Accounts is created and updated from the point of death to the point of closing the Estate.  

We work with an outstanding professional company who can assist you with the Full Estate Administration including paying out beneficiaries.  

Please call us on 0800 090 3051 for a friendly and supportive, no obligation, free discussion about whether we can help you.