Solicitors in Lincoln, Dale & Co.

Family Law & Divorce Solicitors in Lincoln

Conveyancing Solicitors in Lincoln

Wills and Probate

Business Solicitors

I have been asked to be an Executor, what does that involve?

If you are asked to be somebody's executor, consider it carefully as it is a serious obligation. Being an executor means that when the person dies, you will be responisible for settling their estate. This involves collecting any monies due, settling any debts and settling the estate as set out in the Will.

Dale and Co. can advise if you are acting as an Executor, and can explain the role and the specific responsibilities as laid out in the Will.

The belongings of the person who has died have to be ‘released’ to pay debts, funeral expenses and taxes if applicable.  Then the balance can be given to whoever is named in the Will.  The process is known as ‘Probate’.

A valid Will usually names the person who oversees this, known as the ‘Executor’.  This can be a friend, relative or professional person such as a Solicitor. Often two are appointed, one personal and one professional.  Probate involves an application to the Court to release the funds, including savings accounts, of the person who has died.  

This will also depend on:
• whether the Will is legal and valid  -
• whether another Will has been made since 
• the legal effect of the Will

Are there any liabilities or possible problems about being an executor?
If you are found to be negligent in carrying out the duties you can be prosecuted.  If for example you sell assets at less than their market value you may be found liable.

Customer reviews of Dale and Co. Solicitors 

"Made very welcome on entering the building and received prompt attention"

Mr & Mrs D. Lincoln April 2012

"The whole Dale & Co. team are very friendly and helpful.  I can't thank you all enough for your support and advice at a very difficult time.  Georgia in particular was very helpful and patient with my many queries!"

Mrs T Lincoln. June 2011

"The whole Dale & Co. team are very friendly and helpful.  I can't thank you all enough for your support and advice at a very difficult time.  Georgia in particular was very helpful and patient with my many queries!"

Mrs T. Lincoln.  June 2011

"We are delighted with the service provided by Dale & Co. Nothing was too much trouble and we have been treat with courtesy, kindness and respect. Thank you."

JP & PB. November 2010

"Receptionist welcoming and offered drinks - good!  Whole service was professional and remained friendly. We felt able to ask questions and did not feel rushed. Thank you. If we had not received this questionaire we would have written a letter of thanks and expressed our satisfaction but this will serve instead of a letter."