Your responsibility as an Executor
Bereavement is a sad and difficult time for families and friends. As well as dealing with the shock and grief, there are practical issues that have to be faced. When a person dies, someone has to deal with their affairs and this is termed ‘administering the estate’.
If the deceased left a will, and you are named as executor, you may feel honoured that you have been asked to act in this important capacity, but you may also be unsure what your duties and responsibilities are. We can step in and help shoulder the burden with you.
It is the executor’s job to ensure that the wishes of the deceased as expressed in their will are correctly carried out.
Executors may find themselves with the sad task of notifying various people and organisations of the death, getting copies of the death certificate, organising the funeral, as well as obtaining a Grant of Probate, looking after the deceased’s property and possessions, settling debts (including any taxes that may be due) and arranging for the assets to be distributed amongst the beneficiaries named in the will.
For an executor it can come as a great relief to find they don’t have to act alone, but can enlist our help to carry out many of these often complex tasks on their behalf.
Grant of Probate
As executor, you may need to apply for a Grant of Probate. This is the official document which gives the executor the authority to administer the estate.
We can apply for the Grant of Probate on your behalf, and for many people this is the preferred route as it removes an administrative task at a sad and difficult time. In order to be able to complete all the formalities, the estate of the deceased person will have to be valued and an Inheritance Tax form will need to be completed.
If there is no will, the process is more complicated and requires an application for a Grant of Letters of Administration issued by the court. The distribution of assets also follows an order set down under the laws of intestacy. We can also assist in these cases, to ensure the rules are properly followed.