IHTM05066 - Submitting the account and obtaining a grant (Scotland): what happens after confirmation is obtained?

After confirmation (IHTM15104) is obtained the personal representative (pr) ( IHTM05012) can start administering the estate. Paying all inheritance tax due is part of this procedure but it involves a lot else besides. Typically it may also involve

• collecting any debts due to the deceased
• finding unknown creditors of the estate
• paying the deceased’s debts
• finalising the income tax and capital gains tax for both prior to death and during the administration period.
• drawing up estate accounts
• paying any pecuniary legacies ( IHTM12082)
• making sure that any specific legacies ( IHTM12082) of assets are appropriated to legatees
• converting assets of the residuary estate into cash or assenting them to the residuary legatees ( IHTM12082)
• distributing the residue to the residuary legatees