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If you’re responsible for administering the estate of someone who has died, you may be doing so as an executor or as an administrator. Though these roles are very similar, there are key differences and it’s important to understand what these are.
When a person dies, it will be necessary for someone close to them to take on the role of their personal representative. This might be as an executor (if they have been appointed in the Will) or as an administrator (if they have applied to act on behalf of the estate in the absence of a valid Will).
As expected, Rachel Reeves, the new Chancellor of the Exchequer, has confirmed that the government will be raising certain taxes.
Many people don’t know very much about the process of winding up an estate until someone they know dies and they find themselves responsible for carrying out the process themselves.
Many legal processes – whether that’s administering someone’s estate after their death, applying to act as someone’s power of attorney or taking legal action in a contentious case – can involve putting in applications to government bodies.
There are all kinds of factors to consider when you take on the task of winding up an estate. If the person who has died owned a business, you will need to take extra steps to ensure the additional legal obligations this entails have been met.
Contact us for straightforward advice that makes things easier, saves you money, and gives you peace of mind.