Solicitors Accounts in Estate Administration
Client money, estate receipts and payments, ledgers, interest, bills, transfers, breaches, joint or own accounts and accounting records in probate work.
How to study for FLK2
Use closed-book rule anchors, realistic client facts, primary-classification ranges and an ethical decision check across every subject.
Core concepts
Concept 1
Classify estate, client and business money when collecting assets, income, refunds, sale proceeds and liabilities.
Exam cue: Tie each ledger entry to estate authority and administration purpose.
Concept 2
Record funeral expenses, tax, debts, legacies, distributions, professional charges, disbursements and VAT accurately.
Exam cue: Separate the estate account prepared for beneficiaries from the firm's SRA Accounts Rules records.
Concept 3
Apply client-account withdrawal, interest, transfer, billing and prompt-return requirements throughout administration.
Concept 4
Use the correct treatment for joint account, client's own account or third-party managed account and preserve reconciliations and records.
Risk pitfalls and guardrails
Paying a legacy before authority and estate solvency are established.
Guardrail: Check the sitting-specific law cutoff, keep Solicitors Accounts in its official context and reject any answer that imports an FLK1 rule as the controlling subject.
Treating estate money as business money when costs become anticipated.
Guardrail: Check the sitting-specific law cutoff, keep Solicitors Accounts in its official context and reject any answer that imports an FLK1 rule as the controlling subject.
Memory anchors
Solicitors Accounts in Estate Administration: scope
Client money, estate receipts and payments, ledgers, interest, bills, transfers, breaches, joint or own accounts and accounting records in probate work.
Solicitors Accounts in Estate Administration: focus 1
Classify estate, client and business money when collecting assets, income, refunds, sale proceeds and liabilities.
Solicitors Accounts in Estate Administration: focus 2
Record funeral expenses, tax, debts, legacies, distributions, professional charges, disbursements and VAT accurately.
Solicitors Accounts in Estate Administration: focus 3
Apply client-account withdrawal, interest, transfer, billing and prompt-return requirements throughout administration.
Solicitors Accounts in Estate Administration: focus 4
Use the correct treatment for joint account, client's own account or third-party managed account and preserve reconciliations and records.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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