crayola234
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A relative who was resident in Northern Ireland for many years has passed away recently. An executor was in place in the North to oversee the treatment of the estate there, namely a small property and a small sum of money in a bank in the North. A will is in place to give direction to his wishes concerning this estate.
However, there are also funds in a bank in the republic for which an executor, in this case a solicitor, is in place. There is a separate will in place to give direction concerning these funds.
It is possible that each party is unaware of the existence of the other and/or may wish to deal with each will independently.
Will the estate in each jurisdiction be treated total separately by the relevant tax authorities, or will there be some form of cooperation between them?
However, there are also funds in a bank in the republic for which an executor, in this case a solicitor, is in place. There is a separate will in place to give direction concerning these funds.
It is possible that each party is unaware of the existence of the other and/or may wish to deal with each will independently.
Will the estate in each jurisdiction be treated total separately by the relevant tax authorities, or will there be some form of cooperation between them?