Harold G Walker Solicitors

require administration. If the executors decide to vary the contents of the will after the testator has passed away, then a new trust is created and the varied estate must be registered on the TRS within 90 days of the variation. If assets are appropriated to beneficiaries, usually to minimise the amount of inheritance tax due on the estate, or to maximize the value of the reliefs available to be claimed, then unless the transfer of the assets take place on the same day as the appropriation, a trust is created and will also need to be registered. There are other circumstances that will also require registration, so if you have any doubts over the need for registration of an estate, register in any event to avoid being considered noncompliant.