Who Should You Choose as the Executors in Your Will?
Once you have decided to make a Will one of the most important decisions to make is who will act as your Executor.
The Executor plays a vital part in the distribution of your assets and so should be chosen with care. Here we highlight the role of the Executor and what to consider when choosing.
What is the role of an Executor?
Your Executor’s role is to implement the wishes set out in your Will after you pass away. They are responsible for taking the Will through probate and must ensure that any outstanding debts are paid before your assets are distributed to your beneficiaries. They will also provide any outstanding documentation to the authorities and potentially have to deal with any claims or disputes made against your Will.
Who should you choose?
Since the role of the Executor is so important it is vital you choose someone you know and trust. You (and your beneficiaries) are relying on them to carry out your wishes. They will develop a very detailed knowledge of your estate so consider carefully who is most suitable, and inform them beforehand in case they raise any concerns.
Are there any restrictions on who can act as your Executor?
Your Executor must be over 18, and ideally resident in the UK to avoid delays and complications in probate. It is common practice to appoint two Executors however you can have any number between one and four. You may also appoint one of your beneficiaries. For many people this is the preferred option as it means your affairs will be dealt with promptly by someone close to you.
If you are at a loss over who to appoint, then a legal professional could be a good alternative. They must only be appointed at your request and you must have a clear understanding of the fees they will charge to your estate, which in some instances can mount up rapidly.
Willwriting Services Ltd can help put your Will in place and give you peace of mind. Their specialist legal consultants are available for home visits days and evenings, seven days a week. They will guide you through the entire process, advising you on the Executor’s duties and the services offered by WSL to help your loved ones through such a difficult time. WSL are delighted to be able to offer Silverhairs.com customers a discount on their home visit service of up to £50. Please call us direct on 020 8380 1082 or click here to view the offer.
Latest posts by Sally - Silversurfer's Editor (see all)
- Welcome pollinators with these 6 beautiful plants - May 18, 2021
- Take control of your retirement now - May 17, 2021
- Ground-breaking home audiology service helps people affected by hearing loss - May 17, 2021
- Find Your UK Holiday Retreat - May 17, 2021
- Award Winning Retirement Developer extends Stamp Duty Period - May 17, 2021
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!