The Reluctant Executor
Tips for the reluctant executor
As much as we try to encourage testators to speak with the people they wish to appoint as executors to inform them of their choice, some people will one day find themselves surprised with the role. Many of these people will have this responsibility placed on them at a time where they are grieving the loss of a loved one. It is also likely to be the first time they have ever acted as an executor and the road ahead may look daunting. If you find yourself in this situation and don’t want to act then there are a couple of options available to you.
One option is to keep on the role as executor but appoint a specialist as your attorney to apply for probate for you or assist you with the probate process. This will often be a solicitor or accountant, or the professional who drafted the will if they offer this service. Note that this will incur fees that will be payable out of the estate.
The other option is to renounce. An executor who doesn’t wish to act is not forced to. As long as you have not ‘intermeddled’ in the estate you can formally step down. Intermeddling is carrying out any duties that an executor would usually perform to administer the estate, such as settling debts and selling assets. Don’t worry if you have already taken steps to collect in assets for protection or arranging the deceased’s funeral though. While these tasks are an executor’s duty they are not considered intermeddling.
If you find yourself thrust into the role of an executor and for one reason or another you aren’t willing to act then it’s important that you act quickly, especially if you wish to renounce. If you are unsure of what the role entails then we recommend you take professional advice.
Contact us now on 01473 487611
Here to help.
ilable to you.