Where the deceased carried on a business, the personal representatives will need to consider the future of the business in the light of their duties and powers. Personal representatives do not generally have the authority to carry on the business, other than to call in debts, etc. of the business for the estate.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.