OTHER STATUTORY POWERS OF P.R.'S
- Created by: domlpool
- Created on: 25-12-20 19:48
There are other statutory powers available to PR's during the administration. In general these powers are not extended or modified by the terms of a will but in an individual case there may have been reasons for doing so and PRs should always examine the will for possible amendments.
Power to appoint a trustee re entitlement of a minor beneficiary
· this is a way of dealing with the problem of good receipts on behalf of minor beneficiaries. A will often includes an express clause which simply allows a parent or guardian to give a good receipt rather than deal with the problem by appointing trustees(see below)
Power to Postpone Distribution
· personal representatives are not bound to distribute in the ' executors year ' i.e. the year after death.
Powers to Delegate
S11-15 Trustee act 2000
· Trustees can collectively delegate to agents their “ delegable functions”. These are…
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