If so, what does it mean?
Simply put, you will be personally responsible for the estate administration process of dealing with the deceased persons legal and tax affairs. This means dealing with all their assets (such as property, shares and personal possessions), paying debts, paying any Inheritance Tax and Income Tax and transferring inheritance to the beneficiaries of the estate. Following a bereavement, estate administration can be extremely complex, whether or not there is a Will in place.
As an Executor, you are legally responsible for this process. It can be and often is a very time consuming and stressful experience. Thats why many Executors choose to appoint an estate administration specialist, we recommend and work closely with Kings Court Trust, it is what they do day in, day out so they are efficient, and you can rely on them to make sure everything is dealt with properly.
From obtaining the Grant of Probate to rehoming the beloved family pet; your estate and family will be in safe hands. You can leave the challenging tasks involved with estate administration to us, and all for a fixed price that we will quote and agree before any work is undertaken. We will handle everything you can think of and all the things you might not have considered, giving you the time and space to reflect, remember and move on.
Complications often arise during the estate administration process, leading family named executors to turn to the nearest but not necessarily the most proficient professional, our message to you is plan on getting the job done right, first time around.
So will you be a have a go executor or take the pressure of yourself and be in a position to tell the beneficiaries of the Will that the administration is in safe hands? If you would like to chat this through or get a quote please get in touch here.