UNDER CONSTRUCTION
|
||||
|
||||
|
||||
|
||||
|
||||
|
||||
|
||||
|
Probate - Executors -Intestacy
There
can be a great deal of stress dealing with the associated legal, tax
and administrative processes concerned with this subject... In addition
to the barrage of unfamiliar terms such as Probate and Estate
Administration (or Estate Confirmation as it is referred to in
Scotland).
A grant of probate is an order of the court giving one or more people legal authority to administer the estate of the deceased. Known as 'PRs' - Personal Representatives - these are normally executors as named in the Will.
In the case of there being no Will - or intestate as it is called - then rules apply which normally give the next of kin the PR role.
A grant of probate is an order of the court giving one or more people legal authority to administer the estate of the deceased. Known as 'PRs' - Personal Representatives - these are normally executors as named in the Will.
In the case of there being no Will - or intestate as it is called - then rules apply which normally give the next of kin the PR role.
Copyright © 2010.
FirstAide International Group.
All rights reserved.
FirstAide International Group.
All rights reserved.
Safe Storage of your Will
Over
70 per cent of those who die each year die intestate. This means one of
two things - either they did not make a Will, or they did but no-one
could find it when it was needed.
The solution is to have your Will stored in a secure place, safe against loss, malicious damage, fire or theft, and retain a copy at home.
For a nominal yearly fee, we will provide a copy of your Will and ensure the safe storage of the original and provide a courtesy 3-5 year review of your Will free of charge.
The solution is to have your Will stored in a secure place, safe against loss, malicious damage, fire or theft, and retain a copy at home.
For a nominal yearly fee, we will provide a copy of your Will and ensure the safe storage of the original and provide a courtesy 3-5 year review of your Will free of charge.
A simple guide
Nominating Executors
Firstly,
you should consider the appointment of executors. You can appoint
anyone over the age of eighteen. Some people believe that an executor
cannot benefit under the Will but this is not the case. It is common for
couples to appoint each other as sole executor and beneficiary.
It is however, sensible to appoint a substitute executor to act if your first choice of executor dies before you, or cannot act for other reasons, such as ill-heath. If you do not wish to appoint family members or friends, an independent person or company can be appointed. My-Rite offers such a service if required.
It is however, sensible to appoint a substitute executor to act if your first choice of executor dies before you, or cannot act for other reasons, such as ill-heath. If you do not wish to appoint family members or friends, an independent person or company can be appointed. My-Rite offers such a service if required.