Call us: 0121 553 3286

News

Obtaining Probate – Executors/Administrators Role. – Getting it right.

We are often approached by Executors named in a Will or the Next of Kin, for help in dealing with the assets and estate of a loved one.

More recently, we are increasingly being approached by Executors, who have started to administrate the estate themselves but then found it difficult to manage or found that certain complications had arisen.

When dealing with the administration of an estate there are a number of factors to consider to ensure the estate is dealt with correctly. For instance, it may turn out that the deceased had assets you are not aware of, they may have made a Will or later Will or may have debts they never disclosed to you. As the Executor, the duty falls on you to make sure that you have made every effort to identify these matters. Failure to do so could result in you being personally liable to the beneficiaries and/or to the creditors.

Fortunately, here at Baches, we are able to recommend the following services to help you identify the appropriate issues, and to minimize your personal risk:-

  • Carrying out a Will Search
  • Carrying out an Asset search
  • Placing notices in the London Gazette and local paperwork – to ensure the Executor/Administrator is not personally liable for creditors or beneficiaries coming to light after the estate is distributed
  • Carrying out bankruptcy searches against all beneficiaries – as any estate due to such beneficiary who has been identified has bankrupt should not be paid to them.

These are some factors to consider, to name a few, to prevent any claims against Executors personally for not discharging duties correctly.

Here at Baches, our experience private client team can ensure that the administration of the estate of a loved one is managed correctly to ensure peace of mind so the Executor has no fall back on them.

Please feel free to give us a call so that we can discuss any concerns that you may have on 0121 553 3286 or reception@baches.co.uk.

Baches ranked in the Legal 500

Baches Solicitors LLP are delighted to announce our ranking in the Legal 500 as a tier three firm for Family Law in Birmingham.

Baches Solicitors LLP is ‘a very strong and well-prepared firm able to deal with the full range of issues that may arise in family law’. Managing partner Jo Johnson is singled out for her ‘experience and ability to engage with adults and children’, as is solicitor Rebecca Littleford, who specialises in care and private law cases. The matrimonial team is headed by the ‘highly competent, tenacious and approachable’ Lindsey Newell, who has particular expertise in high-value financial matters involving international assets. Jill Darbyshire leads on childcare work. Other key names include ‘level-headed’ consultant Lucie Taylor, who represents children, parents and other relatives in public and private law proceedings.

Page 3 of 2012345...1020...Last »

News Menu:

Latest News

Heads above the parapet:

Heads above the parapet: Dealing with late payments shouldn’t make or break a small business, now help is at hand...
Read More >

How the new Pre-Action Protocol for Debt Claims effects Small Businesses

As a small business, cash-flow is extremely important to the daily functioning and long-term health of the business. We have...
Read More >

Request Call Back

Your Name (required)

Tel (required)

Your Email (required)

Your Message