Senior Living What does the executor of a will do?


Most of us are executors of wills and don’t know it. If your parents are still alive or you have a spouse or partner, the chances are you are named as an executor. What has


become obvious in the last 2 or 3 years is that the executor’s job has become much more difficult because we do so much online now. So what does the executor do?


1 Register the death. Not necessarily the executor’s job but usually done by the same person. Remember to ask the registrar about the ‘Tell us once’ service. This saves a huge amount of time by automatically informing all government and local authority departments.


2 Arrange the funeral. There might be reference to funeral arrangements in the will. It is so much easier if you know what is wanted or if the funeral has already been purchased through one of the increasingly popular per-paid funeral plans that are available. Camrass Wills can help with these.


3 Inform everybody. This is helped by ‘Tell us once’ but it is the start of the online problem.


4 Value all the assets and apply for probate. Not all estates need probate but most do. Often you can do this yourself but if you need help, shop around and get quotes from probate specialists or solicitors – the price varies a lot. Where there are paper records, finding out what the deceased owned is easy. However, if there are online accounts, how will you know? Has the deceased left a list of online accounts? Can you access them online? Closing accounts, claiming any financial benefit or downloading items of personal significance like photographs can be extremely challenging for the executor.


5 Distribute the estate. If inheritance tax is due this has to be paid first and then the estate is distributed according to the will or, if no will, according to the laws of intestacy. Keep all your records and draw up estate accounts.


6 How can Camrass Wills help? As well as helping with any aspect of wills and probate, we now offer an ideal solution for securely recording all the information including online accounts. Have a look at our new web site, www.futuresafevaults.co.uk


For Wills, Probate, Powers of attorney & Funeral plans Phone Camrass Wills to book a free initial consultation.


Tel: 01622 720985 www.camrasswills.co.uk


Independent Financial Advice Retirement Specialists


Providing advice on Company Pensions (including Final Salary Schemes) and Personal Pensions.


Also providing advice on Investments, Personal Protection (life cover etc.), Estate / Inheritance Tax Planning, Wills, Powers of Attorney and Trusts.


We offer advice across a wide range of services including investments, savings, mortgages and protection. We are committed to putting clients at the heart of everything we do and to developing long-term relationships with our clients. This is achieved by ensuring that we understand the individual needs of each client, and to implementing tailored financial plans to address those needs.


We offer advice across a wide range of services including investments, savings, mortgages and protection. We are committed to putting clients at the heart of everything we do and to developing long-term relationships with our clients. This is achieved by ensuring that we understand the individual needs of each client, and to implementing tailored financial plans to address those needs.


Contact us for a free consultation to look at your options.


Contact us for a free consultation to look at your options.


01622 391 444 01622 391 444


info@handffinancial.co.uk www.handffinancial.co.uk


H&F Financial Limited Granville House Granville Road Maidstone Kent


H&F Financial Limited Suite 1B


Frederick House Brewer Street Maidstone Kent, ME14 1RY


ME14 2BJ


Authorised and regulated by the Financial Conduct Authority - No 778297 A company registered in England & Wales. Registered Company - No 10057458


Authorised and regulated by the Financial Conduct Authority - No 778297 A company registered in England & Wales. Registered Company - No 10057458


Mid Kent Living 41


mark.hidson@handffinancial.co.uk www.handffinancial.co.uk


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