When you act as an Executor you are expected to act reasonably and act in the best interests of the estate and its beneficiaries.
This could involve getting a fair price for any assets being sold, ensuring that relevant insurance is in place to protect any property assets and to ensure that all Inheritance Tax (IHT) owed is paid prior to the distribution of the estate.
It is advisable to advertise the death. This allows anyone who is owed any money by the estate to be paid in full. If you don’t do this, you could be liable if someone makes claim against the estate after it has been distributed.
You can include gifts of personal belongings in your Will. However, if you would like a more flexible way of …
Read more Wills & ProbateAn executor is responsible for looking after your money, property and other assets after your death and carrying out the …
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 & ProbateMarriage will cancel your Will unless it was prepared in expectation of the event. Getting divorced will not cancel your …
Read more Wills & ProbateYou can set aside money for her using a Discretionary trust, which will not affect her entitlement to state benefits.
Read more Wills & ProbateThere are two choices: You can apply yourself to the local Probate Registry, who will send you the forms you …
Read more Wills & ProbateWe offer various levels of service; which one you choose will depend on how much work you want us to …
Read more Wills & ProbateTo make a Will, you have to have capacity to understand what you own, what making a will actually means …
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