We are dealing with an estate, the deceased was domiciled in England and Wales and all assets were held in England. Before she died she became ill and went to stay with her son in Ireland. She prepared a will in Ireland which left several legacies and it has been drafted so that the legacies are stated in Euros. The estate is being administered in England as all assets are held in England. The legacies now need to be paid and the monies are held in GBP. What date should the exchange rate be calculated- the date of death, the date of payment, the 1st anniversary of death, or an alternative date?
The Wilkes Parftnership