Dealing with the estate’s finances

One of the most important tasks for the executor is dealing with the estate’s finances. It may be, as part of this process probate/letters of administration will be required. This will involve a return to the Revenue either on an IHT 205, which provides a brief summary of the decease‚Äôs assets and liabilities or on an IHT 400 which requires a more detailed account of them. When it comes to obtaining probate, the executor can, of course, choose to use a solicitor. However this may be regarded as unnecessary and expensive. When dealing with the estate’s finances DIY probate may … Continue reading Dealing with the estate’s finances