Led by F.W. Maitland Simulacrum
The powers and duties of personal representatives — the duty to collect and realise assets, pay debts, and distribute the estate; the statutory powers of investment, appropriation, and sale; and the liability of PRs.
Led by F.W. Maitland Simulacrum
The question
Duties of PRs: collecting and realising assets; the order of application of assets for payment of debts (s.34 and Schedule 1 Administration of Estates Act 1925); the executors' year; solvent and insolvent estates; the PR's duty of care.
Outcome
You can demonstrate the knowledge and skills required by CILEX Level 6 Unit 21 in relation to powers and duties of personal representatives.
Sub-units
Led by F.W. Maitland Simulacrum
The question
Statutory powers of personal representatives: power of sale, power of appropriation (s.41 AEA 1925), power of investment (Trustee Act 2000), power to run a business; liability of PRs for devastavit; protection of PRs (s.27 Trustee Act 1925 notices, insurance, Benjamin orders).
Outcome
You can apply the CILEX Level 6 Unit 21 assessment criteria to a given probate practice scenario.
Sub-units