Executry Lawyers in Glasgow
Handling the distribution of someone’s estate can be a challenging process, especially when you are also dealing with the loss of a loved one. Navigating the relevant legal processes can be an intimidating prospect, from preparing detailed accounts and paying Inheritance Tax to locating beneficiaries. Having the support of a specialist team of Executry Solicitors can be hugely beneficial.
Executry and Estate Administration Services
Our expert Executry Lawyers can provide essential guidance and support in administering an estate, providing clear, reliable advice to remove stress and worry for executors. We take a solutions-driven and client-centric approach and provide legal assistance that is tailored for your circumstances.
Throughout your business with us, we will keep you up to date with any developments and be available to answer any questions. You will also have access to our senior Wills and Estates Lawyers so you can be sure your matter is in the most capable hands.
What is the role of an executor?
An executor is a person appointed by the deceased in their Will to deal with the winding up of the estate and distribution of assets to their beneficiaries. When someone dies without leaving a Will, the court will appoint someone to take on the role of executor. This can create additional complications for the executor when it comes to collecting and distributing the estate.
Many people choose to appoint a firm of solicitors to act as their executor, to ensure that all legal rules are carefully followed and that problems or delays are avoided. Having a solicitor carry out this role can also prevent disagreements arising between family members when it comes to sharing out the estate.
Similarly, many executors will choose to seek the support of an Executries Solicitor to help them in their role for similar reasons. It is also essential to be aware that executors can be held personally liable for any mistakes made in the distribution of the estate, so having an experienced solicitor alongside you to guide you through each step can be invaluable.
What is involved in the executry process?
Several legal stages must be negotiated before the estate can be distributed. One of the most time consuming is the process of obtaining confirmation, which gives executors the authority to gain access to the deceased's assets from institutions such as banks, building societies and insurance providers.
Further, all assets must be identified, and an inventory prepared, and any Inheritance Tax and debts owed by the estate must be paid. Once all other steps have been completed, the beneficiaries detailed in the Will must be located and the assets distributed to them in line with the deceased's wishes.
Contact our Executry Solicitors in Glasgow, Scotland
The Executry Lawyers at MTL Law regularly advise clients across the West of Scotland, including Glasgow, Paisley, Milngavie, Newton Mearns, Greenock and Largs. Whatever your requirements, speak to our team today by calling 0141 222 5793 or fill out our online enquiry form.