After a person dies, as an executor you will be expected to obtain a Grant of Confirmation, which will be required by banks, insurance companies and creditors in order to freeze bank accounts and any balance on debts.
It is your job as executor to ensure that all payments are made, debts settled and taxes paid before beginning to distribute any of the assets.
Should the deceased only have left a small estate – usually under £30,000 including property and valuables, a Grant of Confirmation may not be required.
Inheritance Tax laws also apply in Scotland, where the Sheriff Court will require a valuation of all assets, in order to calculate how much Inheritance Tax should be paid.
Only after all tax has been paid and outstanding debts settled, can the remainder of the estate begin to be distributed according to the contents of the will.