Friday, 2 December 2011

THINK! Before Committing Someone to EXECUTOR Duties

You've been wise enough to arrange and update your will, so your beneficiaries are well protected, however, have you asked your proposed executor whether they are happy to accept the role?

Acting as an executor is a burden, full stop. Establishing whether the PA1, IHT400 and IHT205 or IHT207 forms need to be completed is sufficiently complex. If there is a property to deal with aside from income from various sources and a range of investments, gathering the information in order to complete them can be a difficult, time consuming job.

Be sure, at the very least, that your Executor knows who they are and perhaps give them a hand on this side of the pearly gates.