Is there a Will?
The executors appointed within the Will have the duty to inform relevant parties, value the estate, submit an Inheritance Tax (IHT) return and apply for the Grant of Probate. Once the IHT has been agreed (if any) it must be paid before the executors can call in the assets, pay off the estate debts and distribute the remaining assets to the beneficiaries.
Without a Will, the main beneficiaries under intestacy become the “personal representatives”. For example, your spouse or children who have attained age 18. They will go through a similar process mentioned above. They will then distribute the estate under the strict rules of intestacy.