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Choosing Executors

6th March 2017

Choosing Executors

When appointing Executors, think carefully especially if your Will is to be drafted by a Charity or solicitors that they instruct to draft a Will on your behalf.

If you have relatives, be it, children, nieces, nephews, to mention but a few, they are preferable as Executors to appointing a Charity especially if you have given them gifts in your Will.

If you appoint a Charity, your loved ones might find the process of contacting the Charity to chase the administration of the estate time consuming and tedious.

Lastly, your loved ones might end up getting less of your estate that you anticipated because professional Executors have to be paid for administering your estate whereas your relatives do not.

For more information CALL US on 01189590153, email us at [email protected] or complete our contact form on https://www.elizabethmiddletonsolicitors.co.uk/contact

 

 

Categories
News

Wills, Intestacy and Probate

13th July 2016

If your loved one does not leave a Will, then government rules dictate how their money, property or possessions will be distributed. This may not be what he or she wished.
 
Unmarried couples and partners who have not registered a civil partnership cannot inherit from each other unless they have a Will.
 
If a person dies and does not have surviving relatives who can inherit under the intestacy rules, then the estate passes to the Crown. The person may have had strong friendships or preferred charities whom might have benefited instead.
 
Most people put off making a Will. For example, Prince, the famous musician, died without leaving one. As a result, a bank is administering his estate which will be slow, expensive and impersonal. His relatives will not have a say in how the estate is administered, or worse, will perhaps enter into their own legal challenges.
 
According to the Citizens Advice Bureau statistics, 3,747 people contacted them in 2015 regarding their loved one’s estate because they had not left a Will. They required advice regarding administering the estate.