Executor duties must be taken seriously
by Daniel Jones
Allocating a family member or friend with executor duties
is something that should not be done lightly, as there are various tasks they will be faced with in the event of death.
Selecting the right executor could be the difference between a person's wishes being carried out efficiently and arguments emerging within a family.
One of the main things to make the executor aware of is where the will and other relevant documents - such as the deeds to a property - are located.
It will also make the situation easier for the executor if accounts and suchlike are set up in joint names, as this will ensure the simple transfer of assets from one individual to another.
This is important for couples, especially if they are not married and are cohabiting.
MyVoucherCodes.co.uk recently conducted a study which found that 48 per cent of people between the ages of 25 and 50 do not have a will.
- Find out how to obtain grant of probate and administer an estate with our step by step Executor Guide.
Published on: August 1, 2011
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