You can name up to four people in your Will to act as your Executors. The probate office will only issue the grant of probate to up to four people so if any more are named, it’s a likely scenario that any additional would renounce their position.
When an executor has finalised the distribution of an estate subject to probate the relevant probate office will forward details to the public records office
What happens if an executor dies? This can be broken down into two subsections. The executor dies before the deceased…
You may be liable for inheritance tax if on death if your estate is worth more than £325,000 or in the case of a married couple or those in a civil partnership £650,000.
Often solicitors, banks or will providers write themselves in a will as a professional executor.
The Executors in your Will should be someone you trust to administer your estate. The role is time consuming and can be complex so you should be sure you are naming the correct people in this role.
Final Duties are pleased to offer a no renounce no fee service. We are happy to ask any professional executor to renounce if the beneficiaries would like to take advantage of our low-cost probate service.
An executor is a person with the legal authority to manage the deceased’s assets and undertake the administration of the estate upon their death.
The job of Executor is an essential role in the administration and management of an estate.
When applying for probate you will have to obtain a probate valuation of any and all properties owned by the deceased.