TSEM6114 - Legal background to trusts & estates: no valid will - the end of an administration period
Administrators can usually say when they have completed all their duties. Sometimes it is difficult for them to give a precise finishing date.
They prepare a statement of account showing what has come in, and what is payable out. Outgoings include expenses and inheritance tax. The administrators then calculate the amount of 鈥榬esidue鈥�. This account is known as the 鈥榓scertainment of residue鈥�.
Normally the date of ascertainment of residue will be the end of the administration period. Occasionally the facts may show that the administration period ended at some other date.