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Wednesday 31 October 2018

Being named in someone’s will as the executor is a great honour. However, it is important to know that you are not required to accept the appointment. Before you accept, here are some of the potential hazards an executor should bear in mind…

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Friday 26 October 2018
Acting as an executor for an estate carries a great deal of responsibility and therefore it is important to be aware of all the potential complications that can arise. Sometimes executors can find themselves in a difficult and unexpected situation. In this blog, we will look at one reported case which highlights the personal liability an executor…

Tuesday 28 August 2018
Following a record £5.2 billion raised in Inheritance Tax (IHT) in the 2017-18 financial year, the SNP have now called for the reform of IHT, claiming that there are ‘loopholes’ in the current UK system. With the figure rising 8% from 2016-17, Alison Thewliss, the SNP Westminster treasury spokesperson, warned that “the current system of inheritance is…

Tuesday 08 May 2018
A petition has been launched calling for a change in the law in Scotland to prevent a man found guilty of murdering his mother from being able to act as executor to her estate, reports the Daily Mail. Ross Taggart received a life sentence in 2015 after he was found guilty of killing his mother, Carol, at…

Thursday 29 March 2018
When a family member or other loved one dies, it can be hard for those closest to them to move on and find any sort of closure, particularly while work is ongoing to settle the deceased’s estate. As a result, a question of common concern to the recently bereaved is; ‘how long will it take to settle…

Wednesday 28 February 2018
In a recent blog post we looked at some of the considerations to be taken into account when deciding who to appoint as the executor of your estate in your will. In this post we look at whether it is advisable to appoint more than one executor.  There are several advantages to having at least two…

Monday 22 January 2018
One of the first jobs the executor to an estate must carry out is preparing an inventory of the estate i.e. a list of all assets belonging to the deceased person, such as property, money and savings/investments.  Obviously, the complexity and duration of this task depends to some extent on the size of the estate, but…

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