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.
I have been a client of Stennett and Stennett for a while now and have always found them professional, efficient, understanding and caring. Michael Stennett in particular has advised and helped me in dealing with the administration of the Power of Attorney for both my parents and has always gone out of his way to provide a friendly and attentive service. I would not hesitate in recommending them to friends and family and will always use them in any future legal transactions when I need legal advice.
Without hesitation I can say Stennett & Stennett kept me well informed by periodic updates about the progress of the estate, and what options were available and advised accordingly but always asking what i wanted to do .His services were definitely efficient and courteous
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