When you are asked to become an executor of a Will, you will be expected to carry out specific duties.
Solicitors in Gwynedd can help you navigate your responsibilities and abide by the wishes of the deceased. Usually, the person who wrote the Will informs the person who they expect to become the executor in advance so it does not come as a surprise.
Most of the duties involved in being an executor will revolve around assessing and distributing all of the assets named in a Will. This can be a big responsibility as well as a privilege for most people. If you are asked to be an executor, you will need to have a full overview of the finances of the deceased. You will also need to pay any debts which may have been accrued by the person before they died.
Other duties will involve contacting banks, other financial institutions and other interested parties that the person has died. You may be asked to provide proof of this, so you will need to obtain a copy of the death certificate.
You may be asked to value the estate, which could include property and cash. Furthermore, it may be your job to employ the services of estate agents or valuers to ascertain the correct valuation. Using solicitors in North Wales will ensure you meet all deadlines and statutory requirements.
Make contact with us here today at Bennett Smith Solicitors and ask about how we can help you to carry out your executor duties to the highest of standards.
