Donate SIGN UP

Executor To A Will.

Avatar Image
carrust | 17:53 Tue 28th May 2013 | Law
6 Answers
An elderly friend of mine has asked me to be an executor to his will. What does this entail?
Gravatar

Answers

1 to 6 of 6rss feed

Best Answer

No best answer has yet been selected by carrust. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
The answer really is - it depends. It depends how complicated the will is. If it just says " I leave everything to the cats' home" - no problem. If there are heaps of relatives, and he wants to create some fancy trusts, and there are lots of conditions - and above all, if it is an amateur will, you need serious advice.
In simple terms it means identifying and valuing his assets, applying for Probate, collecting the assets in and distributing them to the beneficiaries

There may be tax return(s) to do

Actually 'I leave everything to the cats home' can be a problem if he has relatives who cut up rough because they have been left nothing - and even if there are not, the cats home may be a problem wanting to scrutinise your every action in detail to make sure they've got every penny they are entitled to.
Question Author
He's a retired accountant who never married so they wont be many relations involved. I'm pretty sure he'll have everything in the will down to a tee (remember he's an accountant) & they shouldn't be many probs...hopefully.
Question Author
Thank you for your answers.
Yeah go for it
it puts the old boys mind at rest

see the answers for Pixie 373

and goggle legal duties of an executor - plenty of hits

1 to 6 of 6rss feed

Do you know the answer?

Executor To A Will.

Answer Question >>