A focus on Wills - Choosing the right Executor

A focus on Wills - Choosing the right Executor

Welcome to the third blog in our comprehensive blog series that delves into the intricate world of Wills and estate planning. In this thoughtfully curated collection, we aim to demystify the complexities surrounding Wills, offering insightful guidance and expert advice. Whether you’re a first-time planner or looking to revisit your existing arrangements, join us on this journey as we explore the crucial aspects of Wills, from understanding the legal nuances to practical tips on effective estate management. Our series is designed to empower you with the knowledge needed to make informed decisions about the future, ensuring your wishes are respected and your loved ones are well taken care of. Let’s embark on this enlightening exploration of Wills together.

Choosing the right executor is probably the most important decision we make when making a Will. The wrong choice can result in upset and delays together with, unfortunately, additional administrative expenses. 

A few points to consider:

  1. Firstly, trust and reliability. It is crucial to choose someone we trust completely and upon whom we can depend.
  2. Will they be able to carry out the duties and responsibilities placed upon them? While executors tend to seek legal assistance in dealing with an estate, it is important to check that anyone appointed understands the duties. 
  3. Age and health. As we get older, it is prudent to add at least one executor younger than ourselves.
  4. Is the person based in the United Kingdom? It is, of course, possible to deal with the executors overseas, particularly with today’s electronic communications, but there is potential for delay. 
  5. Sensitive family relations, complex estate, or just no close family members or friends who could take on the role? In such circumstances, the appointment of an independent professional adviser as an executor can be the solution.

Has this sparked some questions? We would be delighted to discuss further.

Lots more information to come but if we can assist in the meantime, please be in touch.

If you require any further advice or services on Wills or any other Private Client matters please view our services here

Submit a Will enquiry using our quick enquiry form and a member of our Private Client team will be in touch.

For further information please contact;

Lesley McKnight
Partner, Private Client
Email:  lmcknight@gilsongray.co.uk

 

 

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