There is a 'one, tell's all' address/phone number, but excludes telling private institutions, like private pensions, banks and building societies.
Not declaring a car SORN
- Thread starter Coaster
- Start date
There is a 'one, tell's all' address/phone number, but excludes telling private institutions, like private pensions, banks and building societies.
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In my case all the records were terrible so this took some sorting out
as an executor as you say you must maximize assets and minimize cost this will include doing things to the best off your/there ability
as an appointed person you do the best you can and provided there is no wrong intent the outcome is what it is
you can only advise the executor in a friendly helpful way but the outcome is not up to you other than the them accepting a helpful suggestions
the executor can delegate but is still fully responsible within his capacity to understand
who appointed the executor/s
My other half was in this position when her sister passed away 4 years ago. So much stress involved that we passed the work onto a solicitor, but even in doing so the legal responsibility still lies with the executor.
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For my partner, she'd had a cheap Will from a solicitor, not realising they had written it for the solicitors partner's benefit, so they were Executors. They would have been able to claim a great lump of the Estate, as their payment. I researched it, and found that a newly introduced rule, by the LS, meant the solicitors involvement and cost, could be avoided, if all benefactors agreed, and a suitable alternative Executor was willing -me, and a judge signed it off. So I followed that process. I was expecting full help and cooperation for my efforts, from benefactors, but that is not what I got.
Doing the deed, caused me considerable stress, there was no help forthcoming to sort things out, or even witness my work, from the benefactors, and even threats of violence from one. I ended up, having to invite a close friend, to come in, review the figures and that the valuations were genuine, and act as a witness to the fact that I had been honest, before submitting.
@Harry Bloomfield
I think it's very preferable to have a trusted relative or friend appointed. He can save a lot of money doing the routine drudgery, and may get it done quicker, but has the option to appoint a solicitor or other professional to do some or all of it, such as making the application. That means he can sack the solicitor if they're slow or unhelpful, and he is not totally under their thumb.
The trick you mention, of getting themselves named as Executor in the wills they prepare, is very common, and enables them to charge pretty well what they want, with no-one having any power over them. The work will actually be done by office underlings.
I think it's very preferable to have a trusted relative or friend appointed. He can save a lot of money doing the routine drudgery, and may get it done quicker, but has the option to appoint a solicitor or other professional to do some or all of it, such as making the application. That means he can sack the solicitor if they're slow or unhelpful, and he is not totally under their thumb.
The trick you mention, of getting themselves named as Executor in the wills they prepare, is very common, and enables them to charge pretty well what they want, with no-one having any power over them. The work will actually be done by office underlings.
Just what you need Harry, when you're going through the trauma of losing someone.
Just what you need when going through the trauma of bereavement.
I'm afraid my faith in human nature is almost not existent these days & to people who call me a cynic I reply 'I wasn't born one'
Me and my sister are the executors of our mums will. Mrs Mottie and her sister are the executors of her mums will. Our kids are the executors of our will. If they need the help of a solicitor they can always employ one if they need to but as Harry says, no solicitor is going to be the main executor and be given an open cheque book for a piece of work they can drag out for as long as they want.
sorry just realized quite off topic
general comments
get perhaps 3-5"original copies"[not photo copies] off the death certificate and certified executors permission[forget what its called]we paid for six off each
so when you post off to any institution, send both by default even iff not asked for then there is no confusion and maximum proof you have permission
my dad had about 16 financial institution in his folder but never took the time to write closed/ finished/dash through
so started with the ones we though had assets in and when the paperwork returned try the next batch ooooo but remember to keep at least of off each with you for offical personal visits
and when all sorted anyone in friends or family wishing to keep a certificate has the option i though no chance but 5 where asked for
general comments
get perhaps 3-5"original copies"[not photo copies] off the death certificate and certified executors permission[forget what its called]we paid for six off each
so when you post off to any institution, send both by default even iff not asked for then there is no confusion and maximum proof you have permission
my dad had about 16 financial institution in his folder but never took the time to write closed/ finished/dash through
so started with the ones we though had assets in and when the paperwork returned try the next batch ooooo but remember to keep at least of off each with you for offical personal visits
and when all sorted anyone in friends or family wishing to keep a certificate has the option i though no chance but 5 where asked for
Nobody should allow solicitors to be the executors …..
Much more expensive, getting copies later, if you don't have enough. You can ask the various institutions you send the copies out to, to return them, but only rarely do they comply.
well it was 10 years plus perhaps 12years ago so may have been different then but they all came back with the covering letters [mostly postal savings/investment accounts]
(Grant of probate, or Letters of Administration if no will)
I find they mostly do come back, eventually, but they are cheap to order with the initial application, so get at least a dozen. Same with death certs. Sometimes you will need to order birth, marriage and divorce documents.
If you are dealing with 20 banks and financial institurions, get at least two dozen. You might be sending a fairly standard letter out, as soon as you have the documents, to lots of companies. You don't want to hang about waiting for the first batch to come back. Utility companies may accept photocopies.
You can write on the back "please return to (your name and address)" and say in the covering letter that you want it back.
I find they mostly do come back, eventually, but they are cheap to order with the initial application, so get at least a dozen. Same with death certs. Sometimes you will need to order birth, marriage and divorce documents.
If you are dealing with 20 banks and financial institurions, get at least two dozen. You might be sending a fairly standard letter out, as soon as you have the documents, to lots of companies. You don't want to hang about waiting for the first batch to come back. Utility companies may accept photocopies.
You can write on the back "please return to (your name and address)" and say in the covering letter that you want it back.
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i agree they wanted a percentage off my fathers estate including assets [money between a few hundred to mid k] amounting to around 200k distributed but logged by my father many years earlier when distributed but most less than 7 years previous
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