When you write a Will you need to appoint an Executor and Trustee.
Most people understand this and have had some knowledge of a family
member or friend being nominated as an Executor. The belief is that
this an easy task but it can end up being extremely complex and,
of course, it all happens at a time of distress.
Often, the person nominated as Executor or Trustee knows little
or nothing about the process of administering a Will, applying for
Confirmation (Scotland) or to the Probate Courts (England and Wales)
and a multitude of other tasks that need to be carried out. In all
probability the Executor will engage the services of a solicitor
or bank and they can be very expensive!
Willpeople advise their clients to consider naming a professional
executor in their Will acting solely, or jointly with other named
executors. This serves two main purposes. Your named executors can
rely on sound professional advice to help them wind up the estate.
Secondly it gives the Will longevity and you can rest safe in the
knowledge that the administration of your estate, wherever it is
in the UK, will be dealt with by experts in a professional and efficient
manner for a known fixed fee which is more competitive than banks