Why use a professional executor?
Writing your Will is an important step in preparing for the future. It can help to ensure your estate goes to the people you want it to, and it allows you to nominate the people who will deal with your estate (Executors). Without a Will not only the distribution of your estate but who will be tasked with dealing with the distribution will be left to the rules of intestacy.
Increasingly we are being asked about professional executor services. As families and estates become more complex and divided many people are choosing to appoint an independent professional executor to deal with their estate when they are gone. Not only can this save stress for loved ones but it can give you the peace of mind that your estate is in capable and experienced hands. This can be particularly important if the Will includes any Trusts or is accompanied by a letter of wishes. A Professional Trustee is at arm’s length from family politics and therefore able to make an independent decision based on your wishes, not personal feelings.
A professional executor is likely to have a greater knowledge and more experience that your loved ones in dealing with estates, applying for probate and completing complex tax forms. They will also be able to ensure any tax reliefs applicable are correctly applied for ensuring the maximum amount of your estate can pass to your beneficiaries.
Here at Town & Country Law we work closely with the SWW Trust Corporation who are able to offer Professional Executorship to our clients. Our clients are able to appoint the SWW Trust Corporation as the first and only executors or as reserves if no one else is able to act giving our clients flexibility and protection for the future.
If you would like more information or are interested in appointing a Professional Executor please do not hesitate to contact a member of our team who will be happy to discuss this further with you.