Executor of a Will – What does it mean?
Whether you’re choosing an executor for your own will, or you’re a named executor in someone else’s will, it can seem complicated. In this article, our experienced Wills and Probate Solicitors explain what it means to be an executor of a will.
What Does it Mean to be an Executor of a Will?
An Executor of a will is someone with legal authority to manage a person’s estate after they have died. The estate includes everything a person owns such as money, property, and possessions. Also, an executor is responsible for carrying out the instructions in the dead person’s will.
When making a will you must appoint at least one executor, but you can choose up to four executors to share the responsibilities. There can be a lot of work involved with being an executor so it’s important you carefully consider who you want to choose and check they are willing to act on your behalf.
The Responsibilities of an Executor of a Will
The main responsibilities of an executor of a will include:
- Registering the death
- Obtaining copies of the will
- Arranging the funeral
- Gathering assets to value the estate
- Applying for probate
- Dealing with the finance e.g., paying off any debts and closing bank accounts
- Selling or transferring the property
- Calculating and paying any inheritance tax
- Distributing the estate to the beneficiaries named in the will
Who to Choose as an Executor of a Will?
When choosing an executor of a will it’s important that they are aged 18 or over and are mentally capable of carrying out the role of executor.
Although you can choose up to four executors of your will, many people choose one or two executors to share the responsibility of the duties, but they must agree on all decisions.
It is recommended to choose two executors in case one of them dies before you or is unwilling to act on your behalf when required. Generally, people choose a family member or close friend to be an executor, but you can choose a professional executor, for example a solicitor.
Appointing a solicitor as an executor takes away the responsibility from a family member or friend at a time when they will be grieving the loss of a loved one. A solicitor will remain impartial and fair ensuring the administration of the estate is carried out legitimately, helping to avoid disputes between loved ones. Over the years, it has become more complex to administrate an estate and solicitors have a wealth of knowledge in dealing with the administration of estates.
Specialist Wills & Probate Solicitors Leeds & Yorkshire
Morrish Solicitors are well established law firm in West Yorkshire with a national presence. We provide a variety of legal services to private clients, Trade Unions, Associations and their members. Our team of Wills and Probate Solicitors are fully trained and experienced specialising in all aspects of wills, probate and estates. We will manage your case sensitively and professionally.
We provide expert legal advice on the following:
- Will Writing
- Probate
- Estate Administration
- Trusts
- Tax Planning
- Lasting Powers of Attorney
- Court of Protection
- Care Homes
- Advice regarding cost of Residential/Nursing Care
As members of Solicitors For The Elderly, our Wills and Probate team can provide clear, honest and professional legal advice when you need it most.
If you would like advice regarding Wills, Probate and Estates please contact our experienced team directly on 033 3344 9606 or simply email [email protected] with your request.
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