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 ‘residue’. This account is known as the ‘ascertainment of residue’.
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.