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Considerations on choosing a professional Executor

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  • Considerations on choosing a professional Executor

    My wife & I in our 80s living in UK and both UK citizens are needing to consider appointing a professional Executor to organise our business affairs following our death.
    Where, indeed if anywhere, can we view recommendations of professional Executors.
    I will be happy to consider all replies including any private messages.
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  • #2
    Professional Executors can be found with most solicitors and some accountants, but mostly and for cost saving, family members that can be trusted are always best. My wife and I are of similar age and have each other and our two adult children as executors.


    Unless the estate is rather complicated with assets spread wide and far, it is not so difficult to deal with the matters of an estate,

    A couple will often appoint their partner.spouse and adult children, but is there a reason that you feel the need of a professional executor>

    Comment


    • #3
      Originally posted by quintain View Post
      My wife & I in our 80s living in UK and both UK citizens are needing to consider appointing a professional Executor to organise our business affairs following our death.
      Where, indeed if anywhere, can we view recommendations of professional Executors.
      I will be happy to consider all replies including any private messages.
      Hi Sam101.
      We have no children and all our friends are our general age.
      We will be leaving a house building business where we wish the proceeds to go to a youth employment/education charity, which we will set up.

      A professional Executor appears to us to be the best way forward; subject to the Executor having a past and good history of achievements with acceptable costs.

      BTW: please forgive the slowness of my response, I have not been notified by the forum of your input.

      Comment


      • #4
        Following the first death if everything is left to the spouse, then Probate would not be required. On the second death, as your estate will be going to Charity, you could consider asking if the Charity could act, which may simplify matters. Not 100% sure if that is possible, but maybe another member could confirm?

        As yu are going to arrange a charity, the solicitors involved could act as executors, which is more logical.
        Last edited by Sam101; 17th March 2022, 08:42:AM.

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