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EXECUTORS DUTIES AND LEGAL RESPONSIBILITIES



Executors Duties ~ An executor is the person responsible for carrying out the instructions you set out in your will. You are able to select the executor yourself by naming that individual in your will. Virtually anyone, a friend, family member, bank or solicitor, can carry out this duty. You can name more than one individual to jointly carry out the executors duties.

This position carries a tremendous amount of responsibility and administrators and executors duties are not easy to carry out. For a non-lawyer, the process can be overwhelming, which is why many executors opt to hire a solicitor to assist them. Their first order of business is to value the deceased’s assets and determine any outstanding liabilities. Bank accounts, liquid assets and property must all be included in this initial assessment. Once the assets have been valued, application is made to the local registry for a grant of probate. A sworn affidavit must be presented to the court which provides details about the deceased, the deceased’s death and the estate. Last, the executor declares a net value of the assets left to be distributed to the beneficiaries and submits this document to the Capital Taxes Office. The Office decides if they are satisfied with the figures and may call for further information to be provided.


Collection and Distribution of Assets ~ The grant of probate vests the executor with the legal authority to begin managing the deceased’s assets. The executors duties are outlined both in law and in the content of the will. Carrying out the instructions in the will might require the appointee to sell property or shares and to call in the balance of bank accounts. The liquidated assets are used to pay any taxes or other liabilities. What’s left after the deceased’s debts have been paid is then distributed to the beneficiaries. The duties of the executor must be performed with extreme care because their is a personal responsibility to see that the taxes are paid and that the beneficiaries receive their inheritances. Many executors hire a solicitor to help alleviate the burden of their responsibilities.


Experienced Probate Solicitors ~ The areas of wills and probate law are tricky waters to navigate on your own. Help from a trained legal expert is the only way to be sure that your assets and your loved ones are protected after you pass away. With a solicitor, you can write a will that heads off any litigation before it even has a chance to start. A solicitor can also help you maximize the tax benefits available to you by law. If you are facing the possibility of undertaking legal action related to a will or probate, a solicitor can help you assess your chances of success.


Contact Us Today for Free Legal Advice ~ Let one of our friendly and knowledgeable solicitors contact you with free legal advice on your case. Simply fill out the contact form on this page or phone us on our helpline. You’ll hear back from one of our wills and probate solicitors who will provide you with initial advice on your situation. This service is absolutely free, and you are not obligated to hire one of our solicitors.




HELPLINE 0870 185 1840