Being named as an Executor in a Will comes with significant responsibility, including valuing all the assets and liabilities, applying for the Grant of Probate, and ensuring all taxes are finalised before distributing the estate.
But what happens if the person appointed as Executor loses mental capacity before or during the estate administration process? In this blog, we explain the implications, legal considerations, and possible solutions to ensure the estate is administered efficiently, including:
- Understanding mental capacity and legal responsibilities;
- What are the options if the Executor can’t act?
- How can families and professionals manage the situation.
About Kings Court Trust
Kings Court Trust is an award-winning (Probate Provider of the Year – South 2024) estate administration provider, that takes care of the practicalities after death. Their full suite of estate administration solutions is designed to support all families. By providing free, practical advice on the next steps following a bereavement, they can support your clients and add value to your business.
- Regulated by the Institute of Chartered Accountants in England & Wales (ICAEW)
- Trusted provider of estate administration for large UK-listed companies
- Offer a generous referral fee for referrals that result in business
- Provide access to a unique portal for support and updates on cases
- Fixed and transparent pricing
- Free, secure document storage for important client documents
- In-house legal and tax experts to advise on any situation
The Kings Court Trust partnership model is also geared towards the introduction of potential new clients. Provided that consent is given by the beneficiaries of an estate, they’ll introduce them back to your business to help you grow your client base.
If you have any questions about probate, estate administration, or how you can work in partnership with Kings Court Trust, call them on 0333 207 5470 or email partners@kctrust.co.uk.
This article was submitted to be published by Kings Court Trust as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.
