There are a number of common failings that executors can fall into which lead to disputes and complicate the process. Problems can arise because not everyone fully understands exactly what they are taking on. In this blog, we have listed three common failings you should be aware of before accepting the appointment of executor.
Being an executor requires thoughtful work and is a serious obligation with potential personal liabilities.
Ideally, an executor should distribute the estate as soon as reasonably possible after the deceased has died and should not benefit themselves or their family in any way whilst acting as an executor. Also, executors should make sure the estate is protected if someone tries to make a claim.
When acting as an executor, you should respect the law and remember that being an executor requires much more work than is thought.
Disputes can develop due to a breakdown in communication, misunderstanding and lack of sensitivity. It is vital that executors strike the right balance between being assertive and compassionate during a stressful time. Not striking the right tone can create problems.
Sometimes executors are too slow in distributing a deceased estate and, if he/she is not making progress, an executor can get criticised. If you have been appointed as an Executor, it is crucial that you carefully consider whether you have the time to take on this role.
Wilson & Fish are expert executry lawyers and can provide legal advice to clients throughout Scotland including Ayrshire, Falkirk, Edinburgh, Aberdeen, Dundee, Paisley, East Kilbride and Stirling. If you are concerned about inheritance tax or any other exectury matter, contact us today at 0141 413 4756 or complete our online enquiry form.
We can give you straightforward, expert advice on Executries & Probate.
Expertise - we are a niche firm specialising in Probate and Executry
Value - we do not charge fees based upon the value of the assets/estate
Clarity - we offer fixed fees in most cases
"I would like to thank you for your dealings with our mother’s estate. I personally would be very happy to recommend the services of Wilson & Fish Solicitors and in particular the service you have provided personally to our family."