Making plans for after you pass away isn’t always a comfortable topic to discuss. However, ensuring you appoint a will executor that understands your wishes for after you pass away is of paramount importance.
By clearly stating your wishes, you minimise the risk of confusion and potential fallouts that may occur should the contents of your will be ambiguous. The trusted team at Broadbents Solicitors, can help you draw up your will to ensure your wishes are clearly represented and carried out.
What Does a Will Executor Do?
The person you name as your executor will take on the role of carrying out all instructions you leave in your will. Whether you have a large and complex estate, or minimal assets and financial investments, executing a will is not always a straightforward process. Consequently, you must always ask the person you wish to name as executor before you draw up your will.
Some tasks the executor of a will may have to carry out include:
- Paying the correct amount of Inheritance Tax
- Capital Gains Tax
- Income Tax
Deciding when to sell your property, ensuring that those who will inherit the money made from the sale make the most profit.
Who Can Be a Will Executor?
The person you appoint as your executor will need to be aged 18 or over. It is very common that executors of a will are also named as beneficiaries.
You may appoint up to four executors of your will, but you will need to ensure that all of the people you appoint can easily work together to carry out your wishes, otherwise, appointing more than one person may not be a practical decision.
At Broadbents Solicitors we have been helping those appointed as the executor of a will apply for probate for many years. Our trusted team can help alleviate some of the stress that can be felt during such a sensitive time, providing an empathetic and knowledgeable service, backed up by a wealth of industry experience. Contact a member of our team today.