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.
No, you do not have to act as an Executor. You have a couple of options. Your first option is …
Read more Wills & ProbateUp to 4 executors can act at a time. At least two executors are needed if their might be a …
Read more Wills & ProbateYes, an executor may be a beneficiary in your Will and it is often appropriate that the main beneficiary is …
Read more Wills & ProbateNo. A Will should reflect your circumstances as they are now, not what they might be in the future. You …
Read more Wills & ProbateProbate is the process of proving that a Will is valid and confirming the Executor’s authority to administer the estate …
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 & ProbateYou can include gifts of personal belongings in your Will. However, if you would like a more flexible way of …
Read more Wills & ProbateYes, the solicitor is allowed to charge reasonable costs for acting as an executor. The usual charges are between 1½ …
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