The will leaves a specific gift of a house to four beneficiaries.
The family are considering a few options and I am still unclear as to the costs implications (I have seen conflicting advice).
Option 1 - transfer house to beneficiaries. They can sell later down the line if they wish. I think the costs of the assent are an administration expense…?
Option 2 - sell the house (as PRs) and distribute the proceeds to the beneficiaries. Who bears the costs of this sale? Would any CGT come from the estate or the asset?
I think I know the answer but I can’t find it in black and white!
Any help very welcome!