No, you do not have to act as an Executor. You have a couple of options. Your first option is to give up all rights to act as Executor as long as you have taken no steps in relation to the estate administration. Your other option, if there are other Executors named in the Will, is to choose to have ‘power reserved’. This allows the other Executors to act but you can apply to ‘join in’ the Probate process later on if you want to or need to.
If you instruct us to complete Probate for you, you can remain as Executor, or you can sometimes give Power of Attorney to us. In that case, we can obtain the Grant of Probate in our name.
Inheritance tax is charged at the rate of 40% on the value of your estate above the allowances available. The …
Read more Wills & ProbateA Grant of Probate is the document that is issued to you by the Probate Registry. The document confirms your …
Read more Wills & ProbatePartners will usually hold their property jointly, this is known as ‘Joint Tenants’. If you hold your property as Joint …
Read more Wills & ProbateYou should record your contribution and the way in which you would like the future proceeds of sale to be …
Read more Wills & ProbateNo, you do not have to act as an Executor. You have a couple of options. Your first option is …
Read more Wills & ProbateIf the estate is valued at more than the nil rate band then the estate will usually have to pay …
Read more Wills & ProbateSadly arguments do happen. Contact us for advice if someone is questioning: The contents of the Will Whether the Will …
Read more Wills & ProbateThe advantages of appointing us as your executor include: Competitive rates which we will be negotiate with the beneficiaries after …
Read moreOur highly skilled team of specialist solicitors have been established in the City of Wakefield for over 100 years.