London probate valuers Avery Associates advise that those who have been appointed the sole executor of their loved one’s property should designate a co-executor to relieve their burden. The tasks entrusted to an executor, organizing a valuation for probate and report of chattels and property can all be “overwhelming,” especially when the person in question is likely to be mourning at the same time. To instruct a lawyer is a good first step, authorising them to act as co-executor thus making an ideal solution. The professionals will then be able to handle all the details, including the submission of the will in court, notifying the relatives, tracing bank accounts, paying creditors, filing fees … and taking legal responsibility for all decisions taken. Referring to a recent question from a client in which he wondered whether the estate of his recently deceased father should be used to pay its debts we advise that his father’s his assets should to pay its debts, including funeral expenses, expenses and fees incurred as an executor. We also informed the gentleman to “keep an eye” for valuables such as jewellery, stamp and coin collections, stock certificates and bonds and antiques, and that all of these funds become part of your fathers assets and may be sold to help settle his accounts.
Avery Associates are specialists in all probate matters so if you need advice please call 0800 567 7769 for a free consultation.