testamentary expenses

testamentary expenses
England, Wales
There is no statutory definition of "testamentary and administrative expenses" in the Administration of Estates Act 1925 (AEA 1925), but case law provides guidance, considering them to mean expenses attendant on the proper performance of a personal representative's (PR) duties. The term includes:
• The costs of obtaining a grant of representation.
• Collecting in and preserving the assets of the deceased's estate.
• The costs of administering the estate, for example, professional fees of legal advisers and valuers.
inheritance tax due on death on the deceased's property in the UK which the PR holds.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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