Probate (estate administration)

It is the responsibility of the Executors appointed in a Will to administer the Estate, but there is more to the role than many people realise. The moment the Testator (the person who has made a the will or given a legacy.) dies, the role of the Executor(s) (person or institution appointed by a testator to carry out the terms of their will.) begins and there are some very important initial duties

  • Securing the assets. They are now legally responsible for the assets of the Testator and may need to secure the property and belongings e.g. change the locks on the property, switch off utilities etc.
  • Insure the assets .They must ensure that the house and contents are insured.
  • Arrange the funeral, which is an Executor duty, but normally involves the family
  • Assess the death estate assets & liabilities
  • Calculate whether there is an Inheritance Tax Liability, complete the relative forms, agree with HMRC and arrange to pay HMRC.
  • Arrange for the Grant of Probate, which gives legal authority to the executors to deal with the Estate
  • Call in assets
  • Pay debts and liabilities
  • Complete Estate Accounts
  • Distribute the estate according to the Will

Sadly many family members are appointed as executors in Wills and have no idea of the responsibility and often do not know they have been appointed in the Will until the Testator dies. The great news is that Executors who do not feel able to complete the role can appoint us to deal with the estate administration taking away the burden when many are grieving.

Contact us:

(T) 01896 756323

(M) 07977 428840

(E) enquiry@billwhiteifa.co.uk

We are here: 1 Melrose Road, Galashiels ,Selkirkshire, TD1 2AD


William White trading as Bill White IFA Associates is Authorised and Regulated by the Financial Conduct Authority. Financial Services Register Number 590250.
Trading address: 1 Melrose Road, Galashiels , Selkirkshire, TD1 2AD. Telephone: 01896 756323
The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.
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