You are responsible for taking charge of the property, money and belongings. You will be held personally and financially responsible if the estate suffers any loss.
You will have to find out what the assets are and where they are kept. You also have to get final figures for debts.
You will use the estate’s assets to pay off any debts, taxes, funeral costs and other estate administration costs. Finally, you will have to make sure that the people who inherit items receive the right amount or money or the right assets.
Yes, the solicitor is allowed to charge reasonable costs for acting as an executor. The usual charges are between 1½ …
Read more Wills & ProbateTo make a Will, you have to have capacity to understand what you own, what making a will actually means …
Read more Wills & ProbateThe answer is No. It is a common misconception that when a person dies their debts die with them. When …
Read more Wills & ProbateYes. In England, Wales and Northern Ireland you must be over 18, and in Scotland you must be over 16. …
Read more Wills & ProbateThe first step is to work out who should apply for letters of administration We can give you full advice …
Read more Wills & ProbateYou should both make Wills to ensure a fair division of assets if one of you dies shortly after the …
Read more Wills & ProbateIt is possible for you to provide for future born children. However it is advisable to cover what should happen …
Read more Wills & ProbateA Will can be cancelled simply by creating a new Will which states that all previous Wills are revoked. Your …
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