Are you ready to be an Executor?
If someone wishes to name you as the executor of their Will, you must carefully consider whether you’re prepared to take on what is likely to be the very stressful and complicated process of administering their estate after their death. This responsibility will come at a time when you’re grieving and can be a huge amount of additional pressure.
Legal Aspects of Being an Executor
Sometimes, the ‘legal bits’ can be relatively simple. For example, if a wife leaves everything to her husband or vice versa, there’s not usually a lot of administrative work to do. But this is not always the case, and if you have to go through the probate process, these matters can get very complicated. Your responsibilities will include collecting the assets of the deceased and distributing them according to the Will. You will be required to calculate the total worth of these assets and pay the correct Inheritance Tax on them (which can sometimes include paying out of your own pocket). You must apply for a Grant of Probate and go through the courts for a Grant of Representation. You may even have to pay funeral expenses or any debts left behind.
However, you don’t have to be alone through this – Burt Brill & Cardens Solicitors are skilled in dealing with this process and are here to help you. We will ease your stress by dealing with the legal matters while you concentrate on yourself.
For more information, contact us.