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Contents

Official guidance
Trusts, Settlements and Estates Manual

TSEM6050 · Legal background to trusts & estates: executors - contents

  • TSEM6051 · Legal background to trusts and estates: first duties of executors
  • TSEM6052 · Legal background to trusts and estates: apportioning income
  • TSEM6053 · Legal background to trusts and estates: proving a will
  • TSEM6054 · Legal background to trusts and estates: the three phases of an executor's duties
  • TSEM6056 · Legal background to trusts and estates: deceased was self-employed
  • TSEM6057 · Legal background to trusts and estates: estate includes unauthorised investments
  • TSEM6058 · Legal background to trusts and estates: executors and HMRC
  • TSEM6059 · Legal background to trusts and estates: the three forms of specific bequests
  • TSEM6060 · Legal background to trusts and estates: bequests - lapse
  • TSEM6061 · Legal background to trusts and estates: delays in paying specific bequests
  • TSEM6062 · Legal background to trusts and estates: insufficient funds in an estate
  • TSEM6063 · Legal background to trusts and estates: Inheritance (Provision for Family and Dependants) Act 1975
  • TSEM6071 · Legal background to trusts and estates: the end of an administration period
  • TSEM6072 · Legal background to trusts and estates: executors give assent
  • TSEM6073 · Legal background to trusts and estates: executors pay a legacy early
  • TSEM6074 · Legal background to trusts and estates: interest on legacy paid late
  • TSEM6075 · Legal background to trusts and estates: legacy to a minor beneficiary
  • TSEM6076 · Legal background to trusts and estates: personal representatives pay assets to trustees
  • TSEM6077 · Legal background to trusts and estates: reasons for estate assets going into a trust
  • TSEM6078 · Legal background to trusts and estates: value of assets transferred from an estate
  • TSEM6079 · Legal background to trusts and estates: the difference between executors and trustees
  1. Legal background to trusts & estates: executors - contents
  2. Legal background to trusts and estates: insufficient funds in an estate

TSEM6062 | Legal background to trusts and estates: insufficient funds in an estate

From HM Revenue & Customs · Trusts, Settlements and Estates Manual

Sometimes there are insufficient funds to meet all bequests in full. So the executors may have to abate the legacies in proportion to other legacies and the total value of the available estate. (See glossary definition of abatement).

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