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Choose your Executors wisely

competent

Wills and Probate Administration

Choose your Executors wisely; are they competent to deal with all the law and any taxation?    When appointing lawyers are you confident they will deal efficiently and promptly with all matters; the Personal Representatives of the deceased have a legal duty to collect in all the deceased's assets with due diligence and if this takes longer than a year, the burden is on the Personal Representative to show good reason.    

(remember also the duty to pay all debts and all tax due; on occasion the Personal Representatives if they fail to adequately do this, they can be found personally liable for these payments!)

Disclose all Assets
Beware the Knotweed!
 

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Sunday, 11 April 2021

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