Posts Tagged ‘Executor Duties’
What happens if my executors died at the same time?
Reserves are vital when running the Bank of England or managing a football team or choosing executors. The Old Lady of Threadneedle Street must be able to handle runs on sterling and Pep Guardiola needs to have a handful of multi-million-pound stars on the bench in case of injury. And yet many people pick only…
Read MoreIn what order are debts paid after you Die?
What happens if you are sorting out the financial affairs of someone who has died and you suddenly realise there is not enough money to pay all the debts? First of all, don’t panic. As the executor or administrator, you cannot be held liable. The Government has laid down rules to cover this, similar to…
Read MoreWhy You may have to Pay Rent after Your Death
It may appear a tad unfair but you can still be charged rent on your home after you have died. There may be a requirement for a month’s notice, for example, in the contract. Who pays that? Well, you do. Or at least it comes out of your estate. If you are an executor or…
Read MoreWhat is a Grant of Probate?
The terminology can be confusing but a Grant of Probate is the legal right to dispose of the property, money and possessions of someone who has died. Actually, a Grant of Probate is just one of three legal documents called Grants of Representation, which give you the authority to deal with a dead person’s estate.…
Read MoreHow to Find the Beneficiaries Mentioned in a Will
Back in the day, family members often lived their whole lives in the same town or village. So, finding relatives mentioned in a will was usually simple. But in these days of globalisation, high divorce rates, modern transport systems and the internet, families are often scattered to the four winds. And that makes tracking down…
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