Acting as the executor can be a time consuming and thankless task. A client once told a member of the firm that acting as the executrix for her late husband was like “having to drink from a poison chalice” because she had to sort out a complex estate involving children from a previous marriage whom she did not get on with. She instructed the firm to deal with the administration, as she found it extremely stressful dealing with her bereavement and the demands of sorting out her late husband’s estate.
The death of a loved one is a difficult time. Having to sort out the deceased’s financial affairs during a period of bereavement can be hard. He or she has a lot to do to wind up the affairs of the deceased including locating and identifying the assets and any liabilities of the estate, dealing with the administration of the estate according to law by collecting these assets. Also the beneficiaries must determine the entitlement of the beneficiaries and prepare detailed inheritance tax accounts.
An application must be made to the court for a Grant of Probate or Letters of Administration (where the deceased died without a will). The executor must ensure all claims and debts are received, assessed and paid if substantiated. The executor ought to be careful in this respect because failure to do a thorough job will be make them personally liable to discharge unpaid debts. At the end of the administration estate accounts need to be prepared and the net estate distributed in accordance with the will or under the rules of intestacy where the deceased failed to make a will.
As always Stenett's have given us professional, supportive and helpful service. Thank you very much. The professionalism of all Stennett's staff far outweighed that of the other solicitors in our conveyancing chain.
We received very professional and fast service from Stennett & Stennett right from the first phone call. I called in and asked for a particular service for which I was put through to the right person straightaway. Debbie was very knowledgeable and offered us to come in for a free of charge consultation with a solicitor, which we did. During that meeting with Mr Stennett he arranged for the right documents and forms to be sent to us and made another appointment to come in and sign the prepared contracts. That's it! Many thanks.
A big thank you to Stennent & Stennent Solicitors, for helping my 94 years old Auntie to move into her new retirement home. They were very kind and considerate towards my Auntie and explained everything very clearly to her. With their calm attitude and approach it avoided any stressful feelings for her. I strongly recommend you use their services. Thanks again Stennent.
Stennett & Stennett
4 Winchmore Hill Road
DX: 34305 Southgate
Stennett and Stennett is the trading name of Stennett and Stennett Ltd registered in England and Wales under CRN 7666275 and whose registered address is:
4 Winchmore Hill Road, Southgate, London, N14 6PT. Authorised and regulated by the Solicitors Regulation Authority no. 564879