As an executor of a will, your main responsibilities are to: Locate and secure the assets You will need to locate and secure the assets of the deceased, including property, bank accounts, investments, and personal possessions. Pay debts and taxes You are responsible for paying any debts and taxes that the deceased owed, including any outstanding mortgages, credit card balances, […]
What is my job as the executor of a will?
How do I apply for a grant of probate in the UK?
In the United Kingdom, applying for a grant of probate (also known as a grant of representation) is a legal process that is required in order to administer the estate of a deceased person. The process generally involves the following steps: Collecting the necessary documents: This includes the will of the deceased, if there is one, as well as information […]
Do I need a grant of probate?
If someone has passed away and they had assets in their name alone (i.e., assets that were not jointly owned), then in most cases, a grant of probate will be needed in order to transfer ownership of those assets to the person(s) named in the will (the beneficiaries). A grant of probate is a legal document that gives the executor(s) […]
How long does probate take with a will?
The time it takes to complete the probate process can vary depending on a number of factors, including the complexity of the estate and any disputes that may arise. If the deceased left a valid will that is not contested and the estate is relatively straightforward, the probate process may take several months. In some cases, probate can be completed […]
What happens if I do not apply for probate?
When a person dies, probate is the process of administering their estate by organising their assets, money and possessions and then distributing them as per the terms of a will or in line with the rules of intestacy. To be able to start probate, an executor (the person who takes legal responsibility for carrying out the instructions of a will) […]
What to do if an executor is not taking steps to administer an estate
After a death, the estate’s executor or administrator has the job of winding up the deceased’s affairs. We take a look at what happens if they fail to carry out their role. The task of administering an estate can be time-consuming and is often complex. Where an executor or administrator is not coping with the job or is simply not […]
When do banks ask for a Grant of Probate?
After a death, an estate executor or administrator is responsible for winding up the deceased’s affairs. This may include obtaining a Grant of Probate. We take a look at when banks will ask for a grant before releasing funds. In some situations, it is not necessary to obtain a Grant of Probate after someone dies. This includes when the deceased […]
How to obtain a Grant of Probate or Letters of Administration
After a death, it is often necessary to obtain a Grant of Probate or a Grant of Letters of Administration. This is the document that gives the deceased’s personal representatives legal authority to deal with their affairs and wind up their estate. If the deceased left a Will, it will name executors. These are the people who are responsible for […]
Do I Have To Act As An Executor If Named In a Will?
Administering a relative’s will can be a traumatic experience, but it’s not a role you are forced to do, even if you have been appointed to take on the task by the deceased relative in his or her will. There is a process available if you want to withdraw your rights to take on this task. It’s called renunciation and […]