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Executorship
Law and Accounts
- Course Outline
The Devolution of Property on Death
- The Will
- Ability to make a Will
- Devolution of property on Intestacy
- Law of Commorientes
Executors and Administrators
- The Executor
- Inland Revenue Affidavit
- Free Realty, Free Personalty and Settled
Property
- Probate
- The Administrator
Valuation of property for Inheritance Tax
purposes
- Stocks and Shares
- Household Goods
- Life Policies
- Freehold and Leasehold properties
- Settled Property
Statutory Apportionment
- Statutory Apportionment of Income
- Other Apportionments between Life
Tenants and Remaindermen
- The Equitable Apportionments
Powers and Duties of the Personal
Representative
- Duties of the Personal Representative
- Vesting Property
- Real Estate
- The Executor’s Year
- Collecting the Assets
- Distribution of the Estate
Distribution of the Estate –
Beneficiaries
- General and Specific Legacies
- Demonstrative Legacies
- Ademption of Specific Legacies
- Abatement of Legacies
- Lapse of Legacies
- Treatment of Legacies in the Books of
Account
- Advancement and Hotchpot
Books and Accounts
- The System of Accounts
- The Books of Accounts
- The Cash Book
- Usual Ledger Accounts
- Profit and Loss on Sale of Investments
- Fluctuation in Value of Assets
- Treatment of Income
Trusts and Trustees
- Creation of Trusts
- Formalities for the Creation of a Trust
- Rule against Perpetuities
- Rule against Accumulations
Accounting for Trusts
- Trust Accounts for Minors
- Accumulation of Income
- Schedule of Investments
- Appropriation of Share upon distribution
in Specie
- Accounts
- The Trustee Investment Act 1961
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