Why instruct a Solicitor to deal with the administration of an estate?
- 19th January 2022
- No comments
Dealing with the loss of a loved one is always a difficult time which can be made more stressful by the responsibilities and duties involved if you have been appointed to act as the executor.
An executor is legally responsible to ensure that the assets and liabilities of the estate are identified, correctly valued and declared for inheritance tax purposes, together with carrying out the wishes as set out in the Will. The amount of work involved depends on the size and complexity of the estate. Whilst an estate can be modest in size, the role should not be treated lightly as any mistakes made could result in the executor being personally liable.
When someone dies this has a huge impact on their family and friends. If there are disagreements about the administration of the estate, this difficult time becomes even worse and may result in progress being halted until an agreement is reached. This often leads to independent advice becoming necessary to resolve any issues that may occur.
By instructing a Solicitor to manage these affairs, you and the beneficiaries can be assured that the estate will be dealt with by an impartial expert who will act in the best interests of the estate and its beneficiaries.
At Loosemores our Probate Department has the legal knowledge and experience to properly guide you through the estate administration process whilst maintaining sensitivity to the situation at hand. If you would like to contact us for a confidential discussion, please contact Maria Cosslett, Partner and Head of Probate, Wills and Trusts via CosslettME@Loosemores.co.uk or Sabrina D’Acri Davies, Solicitor, via dacridaviesS@loosemores.co.uk or call 029 2022 4433.