Appointing an executor

[Deleted User]

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Mojisola

[quote=[Deleted User];70953034]
Thanks for that i only ask because im pretty sure when we talked to the sokicitor briefly about wills when we were there on another matter she shook her head as if to say no not to appt my husband and that it should be one of my daughters instead ??? Still its moms choice isnt it [/QUOTE]

I can understand the solicitor suggesting a daughter instead of a son-in-law - what if you and he divorced?

She could make you both executors (perhaps with a clause to say only if he is still married to you?)

[Deleted User]

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SailorSam

I have a Will and have my Sister as the executor, But over recent years the family have all fallen out. That's why i feel the need to change my Will. What's delaying writing a new Will is the family fall out. I don't want any of them. And not sure if any friends could do it. I seem to be left with either a Solicitor or Bank. I had wondered if i was leaving things to a Charity could i ask them, or would they just pass it onto a Solicitor.

DigForVictory

+1 for not a solicitor (or bank) as a default.

Where you lack a main beneficiary who has a very vested interest in getting it sorted and keeping costs nailed down, they are eminently good picks as executors unless you are concerned that their mental capacity could be challenged.

Where there is family strife, leaving almost the whole lot to a charity [with modest (aka token) amounts to remaining family] with a clearly worded letter so any judge can see *exactly* why you left your money that way means the charity has a better chance of getting your estate as you wished. That said, bigger charities can afford legal teams as needed whereas smaller ones may crumble if pressured. Consider how likely your family are to unite for your perceived estate?

If your estate is reasonably simple, most folk can rise to the challenge or buy in solicitors advice for specific bits. If you have estates/interests in different countries, please have really well drawn up wills In Each Country and make sure your beneficiaries are aware of the scope of the challenge heading their way. They may need to learn a foreign language, after all.

Keep_pedalling

SailorSam wrote: »

I have a Will and have my Sister as the executor, But over recent years the family have all fallen out. That's why i feel the need to change my Will. What's delaying writing a new Will is the family fall out. I don't want any of them. And not sure if any friends could do it. I seem to be left with either a Solicitor or Bank. I had wondered if i was leaving things to a Charity could i ask them, or would they just pass it onto a Solicitor.

You should not really delay this any longer, especially if you wish to change the beneficiaries. If a charity is to be the main beneficiary then speak to them about taking on the executor role, failing that use a solicitor, and don't forget to inform your sister that you have changed your will and she is no longer an executor.

Mojisola

SailorSam wrote: »

I had wondered if i was leaving things to a Charity could i ask them, or would they just pass it onto a Solicitor.

A charity will manage your estate as financially efficiently as possible if they are the residual beneficiary because any money paid out reduces their inheritance.

TBagpuss

SailorSam wrote: »

I have a Will and have my Sister as the executor, But over recent years the family have all fallen out. That's why i feel the need to change my Will. What's delaying writing a new Will is the family fall out. I don't want any of them. And not sure if any friends could do it. I seem to be left with either a Solicitor or Bank. I had wondered if i was leaving things to a Charity could i ask them, or would they just pass it onto a Solicitor.

If you have a charity as your residuary beneficairy then you could name them as the executor. You need to word it carefully - I'd recommend getting the will drawn up by a solicitor.

Most charities will appoint a solicitor to deal with the actual work, as that is normally more efficient. Either wya, it is being delat with by someone in the course of their job, and if their job is dealing with probate on a day to day basis then they are likely to be more efficient at it than if their job is normally fundraising, or admin, or whatever! And if you chose a solicitor local to you then they will be more familiar with local agents for the sale of any property, local irms to deal with any house clearance / auction of contents etc.

If you chose to use a friend or friends as your executors then they are entitled to instruct solicitors to deal with the work if they don't feel up to it. You may decide that you would rather appoint solicitors to stat with so you can chose who to use, rather that leave it up to your friend sto make that choice at a time when they are likely to be stressed.

And either way, think about where you will store the will, and make sure that whoever you appoint as executors know how to find it and that they will be contacted if you die.

SailorSam

My other choice is, sell the house then travel the world and blow the lot.

DigForVictory

Sounds like great fun til you get back & find you've nowhere to die in relative peace & comfort.
Unless you leave your estate to a really top notch hospice?