Executor – Step 2 – Inheritance tax.

As executor, you do not have to arrange the funeral, however, it is likely that you will be involved.  You need a green certificate to allow a funeral to go ahead.

When the registrar issues the death certificate, they will also hand over the green certificate.  You then pass on the green certificate to the funeral director.

Inheritance tax

The next task as executor is to sort out Inheritance Tax.  You have to do this before you can start to apply for a ‘Probate’ and sort out their property, money and things they own.

You need to work out if there is Inheritance Tax to pay.

Continue reading Executor – Step 2 – Inheritance tax.

Executor. Step 1. The Death Certificate.

So, you’ve agreed to be executor for someone and now it’s happened, you have to actually carry out your promise.

Probably you are feeling wretched, as it may well be someone you care for; yet you have to think clearly and start sorting out the estate.

Continue reading Executor. Step 1. The Death Certificate.

Executor. What are you taking on?

 

It’s flattering if a friend asks you to be an executor for their will.  It shows that they trust you.  (It probably also means that you will be inheriting something.)

But. Do you know what you are taking on?

It is a huge responsibility with legal strings attached.  It may take up a year or more of your life.


 

When a person dies there are several practical things you have to do immediately, such as making sure their property is safe.  In the longer term, the detailed paperwork takes over.

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To My Executor

Photo by Melinda Gimpel on Unsplash

Have you written a will and asked someone to be your executor? If you have, do you know quite what a huge ask that is of someone?

Have you been asked, by someone you are close to, to be an executor of their will? Assuming you said yes (as it is a privilege to be asked), do you know quite what a huge ask it is?

Continue reading To My Executor