One of the most important decisions facing people when writing a Will is who to name as the executor to their estate.
This is not a decision to be taken lightly, as it will be the role of the executor to act as a representative of the deceased. He or she will be responsible for paying off any debts or taxes that are liable on the estate and then distributing any remaining assets to the beneficiaries, i.e. people who stand to inherit from the estate.
Often people will appoint their spouse or other close family members to be their executor, but this doesn’t have to be the case. What is important is that the person selected is trustworthy and able to understand the sometimes complex responsibilities of the role, and is also capable of carrying these duties out.
It is always advisable to confirm that your chosen person is willing to take on the role before nominating them in your Will. It is also worth highlighting that you can name more than one person as executors to your estate.
Carrying out the duties of executor can be complicated and time-consuming, particularly if the estate is large and includes property and other significant assets. It is possible for the executor to administer the estate without legal help, but this isn’t usually recommended. If mistakes are made, the executor will be legally responsible, and therefore employing an experienced solicitor to help with the executry process is highly recommended.
Contact our Executry and Probate Solicitors Glasgow, Scotland
At Wilson & Fish, our experienced Executry Solicitors can help you to wind up the estate of a loved one in Scotland quickly and effectively. Contact us today for further information on our executry services.