Question: I am the Executor of a Will and I am about to pay out various legacies. Some of these are quite substantial and the beneficiary would have an Inheritance Tax liability. Do I have to deduct the tax that might be paid or can I simply pay out to the beneficiary? Answer: Recent changes […]
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I have been nominated as the Executor of a Will. What does this entail?
Question: Somewhat to my surprise I have been nominated as the Executor of a Will. What does this entail? Answer: Your function as an Executor is to extract a Grant of Probate to the Estate and to administer the Estate of the deceased. I suppose the first thing to say is that you are not […]