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Being asked to act as executor of a friends will
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<blockquote data-quote="Balmain Bob" data-source="post: 501759" data-attributes="member: 739"><p>Ive been Executor an 2 estates and the best advice that I can give you is .</p><p></p><p> If it is a simple, straight forward Estate just involving say a house , car , bank account and personal possessions than it can be an easy task to execute even if probate is required.</p><p> If it is more complicated, say with shares, multiple properties and beneficiaries then got with a solicitor who specializes in Deceased Estates</p><p></p><p> With regard to the Will, itself, Pay the money and get it drawn up by a solicitor. That way mistakes will be eliminated and if it is challenged by a potential beneficiary then </p><p>it has the backing of being drawn up by a legally trained person.</p><p></p><p>You can always go to the Public Trustee in your state and seek their advice.</p><p></p><p>Also make sure that your friend has made his intentions clear with the funeral requirements ( usually included as a paragraph in the Will) and if he has funeral insurance, make sure that you, as the Executor, are the beneficiary of the insurance.</p></blockquote><p></p>
[QUOTE="Balmain Bob, post: 501759, member: 739"] Ive been Executor an 2 estates and the best advice that I can give you is . If it is a simple, straight forward Estate just involving say a house , car , bank account and personal possessions than it can be an easy task to execute even if probate is required. If it is more complicated, say with shares, multiple properties and beneficiaries then got with a solicitor who specializes in Deceased Estates With regard to the Will, itself, Pay the money and get it drawn up by a solicitor. That way mistakes will be eliminated and if it is challenged by a potential beneficiary then it has the backing of being drawn up by a legally trained person. You can always go to the Public Trustee in your state and seek their advice. Also make sure that your friend has made his intentions clear with the funeral requirements ( usually included as a paragraph in the Will) and if he has funeral insurance, make sure that you, as the Executor, are the beneficiary of the insurance. [/QUOTE]
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Being asked to act as executor of a friends will
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