Financial guardian/executor

Savvy_Sue

rosslinn wrote: »

He did say that I could stay as an executor but stand down and allow them to do all the work however myself and the other executor would need to sign everything which I thought might add complication.

I think you said the other executor was willing to / wanted to stand down. I believe it should be possible for one executor to do that, and you to go 'power reserved'. If that happened, you'd need to sign everything off, and it would also mean that if you felt the solicitors were not doing a good job you could step right back up and take the job back from them. And then instruct another solicitor - but having said that, it sounds like a reasonable quote!

Mojisola

rosslinn wrote: »

He did say that I could stay as an executor but stand down and allow them to do all the work however myself and the other executor would need to sign everything which I thought might add complication.

It really doesn't - this is what I did with Dad's estate. All it needs is for you to turn up to sign paperwork on a couple of occasions.

It made things go faster for us because I knew Dad's financial affairs well enough not to bother with an advert in the Gazette. If the solicitor had become the executor, he would have had to put an advert in and then wait months to give people time to come forward with any claim on the estate.

getmore4less

Savvy_Sue wrote: »

I think you said the other executor was willing to / wanted to stand down. I believe it should be possible for one executor to do that, and you to go 'power reserved'. If that happened, you'd need to sign everything off, and it would also mean that if you felt the solicitors were not doing a good job you could step right back up and take the job back from them. And then instruct another solicitor - but having said that, it sounds like a reasonable quote!

Power reserved don't sign off anything.