What are the duties of an executor or Admintrator
Applying for probate can be a Stressfull and Exhausting task, but our specialists are here to make it feel simple. In this guide, you’ll find everything you need to know about going through probate and dealing with someone’s estate.
What Are The Duties of an Executor or Administrator?
Executor or Administrator Duties If you act as a Personal Representative, “Executor or Administrator” of an Estate, it’s essential to understand what this role entails and what the responsibilities are. You can be held personally liable for any mistakes that you make even if these are genuine errors or made in good faith.
Need help with probate?
Our friendly probate specialists are here to help you and can offer information and a free, no-obligation quote over the phone.
Understanding the Risks
If you find yourself responsible for administering an Estate of someone after they have died, and you intend to deal with the estate administration yourself, it’s essential that you completely understand what this means before you take on the role. Acting as an Executor or Administrator can be a complex and time-consuming task that carries a significant amount of responsibility and risk.
Complicated Legal, Tax, and Administrative Work
There is a lot of complicated legal, tax, and administrative work to be carried out during the Estate administration. The amount of work required will vary depending on the complexity of the Estate but the process usually takes 9-12 months. For larger, more complex estates, this timescale can be far longer.
Amongst other things, you will be responsible for:
Calculating Inheritance Tax, Income Tax, and Capital Gains Tax, paying any tax that’s due, and dealing with HMRC
Applying for a Grant of Representation/probate
Locating all of the Estate’s assets and selling or transferring these
Paying off any outstanding debts
Dealing with any valid claims that are made against the Estate
Locating and contacting all of the Beneficiaries
Distributing the Estate to the Beneficiaries in line with the terms of the Will (if there is one) and inheritance laws.
If you make any mistakes along the way, then you can be held personally responsible for these mistakes.
If you aren’t totally confident in your ability to carry out this work yourself, it’s a very good idea to instruct a Probate specialist to help you complete the work on your behalf.
We can explain the Probate and Estate Administration processes to you and provide free initial advice and guidance, and we provide you with a written fixed fee quote for dealing with Probate on your behalf.
Probate Specialist Limited, 5th Floor, 167-169 Great Portland Street, Marylebone London, W1W 5PF
Probate Specialist Limited 126, High Street , Marlborough SN8 1LZ
Probate Specialist Limited, The Office, 21 Ferozeshah Road, Devizes, Wiltshire SN10 2JQ
Company Number: 13015149
ICO Reg Number ZA807624
Rise to the top
Helping Our Clients
Our main focus is helping our clients. When they are in one of the most difficult times in their lives. The well-being of our clients is paramount to our success.
count on us
The Probate Experts
We have extensively trained in Probate and we believe that we have the best systems in place to deal with your probate in a fast efficient and accurate manner.
Right First Time
Our systems are constantly checked on a daily basis to make sure we are capable of dealing with anything that can literally be thrown at them