SHOULD I APPOINT A PROFESSIONAL EXECUTOR IN MY WILL?

When considering who you should appoint as your Executor in your Will, it is important to think through all of the options. In the initial meeting with our clients, we discuss the difference between a lay and professional Executor, but what exactly is the distinction and what does the role involve? Our Amye Aris, head of Wills and Probate, discusses more below.

WHAT IS THE ROLE OF AN EXECUTOR?

An Executor is a person who is legally responsible for carrying out your last wishes as set out in the Will and also administering your estate (i.e. dealing with closing accounts, selling property, the gifting of possessions etc) as well as accounting to the beneficiaries and discharging any inheritance tax liabilities.

WHEN IS IT BEST TO USE A PROFESSIONAL EXECUTOR?

The overall size of the estate and its complexity, as well as the use of