• Welcome to the LegalBeagles Consumer and Legal Forum. Please register to get the most out of the forum. Registration is free and only needs a username and email address.
  • LegalBeagles is a free forum, founded in May 2007, providing legal guidance and support to consumers and SME's across a range of legal areas.

    Please do not post your full name, reference numbers or any identifiable details on the forum.

Estate - order of payout

  • Filter
  • Time
  • Show
Clear All
new posts

  • Estate - order of payout

    Tags: None

  • #2
    Re: Estate - order of payout

    Hi Enquirer

    My understanding is that the first priority is the funeral and all costs (inc. administrative costs) relating to the death itself. If the executor is a professional ie solicitor or accountant, their fees would also be part of that priority.

    The next would, as usual, be the taxman (so DWP and Council Tax would take precedent after the above).

    Following that, AFAIK if there's any money left it would be apportioned Pro Rata as in any other insolvency.

    I'm glad she has you as a friend to tell her not to be bullied into signing any documents indicating personal liability.:nono:

    It may well be that, upon being informed of the death, many of the creditors will write off the debts.

    This might be useful: http://www.insolvencydirect.bis.gov....Insolvents.htm

    HTH x
    “Find a place inside where there's joy, and the joy will burn out the pain.” Joseph Campbell


    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.

    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.




    See more
    See less

    Court Claim ?

    Guides and Letters

    Search and Compare fixed fee legal services and find a solicitor near you.

    Find a Law Firm