Considerations on choosing a professional Executor

quintain

My wife & I in our 80s living in UK and both UK citizens with no children are needing to consider appointing a professional Executor to organise our business affairs following our death.

We have a house build (small) business which we intend to use profits to set up a youth employment education charity; i.e. local youths showing a willingness to assist the community can apply annually for a gift payment to enhance their skills or education training.

Where can we view recommendations of established professional Executors who can show a successful track record of achievements and supportable costs.

I will be happy to consider all replies including any private messages.

Mojisola

Check first to see if there are any local charities who already do this sort of thing.  Much easier and cheaper to just leave the money to them than to set up a charity from scratch.

You could ask that the money be given under your name - the Quintain Award/Bursary or whatever.

Robin9

quintain said:

My wife & I in our 80s living in UK and both UK citizens with no children are needing to consider appointing a professional Executor to organise our business affairs following our death.

We have a house build (small) business which we intend to use profits to set up a youth employment education charity; i.e. local youths showing a willingness to assist the community can apply annually for a gift payment to enhance their skills or education training.

Where can we view recommendations of established professional Executors who can show a successful track record of achievements and supportable costs.

I will be happy to consider all replies including any private messages.

Admirable

You write as though these ae your thoughts ?    Are they included in your wills ?

After your deaths what is going to happen to the house building business without you to drive it ?

SeniorSam

As you are going to arrange a charity, the solicitors involved could act as executors, which is more logical than appointing others, or the Trustees of the Charity you set up..

quintain

Thank you all for your valuable thoughts and particularly for your willingness to help us.

BTW I think I have discovered a marketable new business venture "set up an executors business to carry out good work at a known cost" undoubtedly it would take to long for me to put it in place!!!

Again thank you.