8 Tips for Will & Trust Executors

  When a person makes a Will, to ensure that their money, possessions and property are distributed according to their wishes and to avoid family disputes they need to elect an executor. What you need to understand if you agree to be a Will or Trust executor. If you are asked to be an executor you will be legally responsible for managing the deceased person’s financial and personal affairs until the probate or trust process is completed and assets distributed. It is therefore very important that you understand your responsibilities, whether you will be sole or joint executor and that,…

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Who will get your pension when you die?

  Determining how your estate, which includes property, savings and investments is shared amongst your loved ones is the key aim when writing a Will. However, when making a Last Will and Testament it is important to realise that your pension is not automatically part of your estate and if separate provisions for your pension or death benefits are not made then funds paid upon death could be included in your estate and be subject to inheritance tax. How to make it clear who gets your pension when you die? Since the introduction of pension freedoms in April 2015 policyholders…

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