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Estate planning

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  • Albermarle
    Albermarle Posts: 27,963 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    LHW99 said:
    If you add a professional executor, but you children decide they don't want to use them, or there is some other problem (Co-op going bust?) there may be difficulties.
    Relatives had named their local solicitor, who had retired and closed his company by the time the wills had to be dealt with. Luckily we were able to a) locate the named person and b) persuade him to relinquish the duty, but it took extra time / effort.
    If you only name your children, they always have the option of bringing in a professional if they feel unable to cope at that stage.
    It is also possible to pay for specific bits of legal advice, without involving them in the full process.
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