Latest Blog from KK Law

Choosing an Executor

16th December 2019

When it comes to beginning the process of writing your Will, one of the important, and often overlooked, considerations is who to choose as your Executor(s)?

What is an Executor?

Your Executor(s) will be tasked with administering your Will, which includes collecting in the Estate, paying any debts and distributing the estate in line with your wishes. Whilst, for a simple estate, where the Executor will also be the beneficiary, one Executor may be enough, it is always advisable to name at least two Executors. The risk in appointing only one Executor is that they may be unable or unwilling to act or may predecease you.

Whom to choose?

You are free to appoint any combination of individuals (such as close family or friends), a firm of Solicitors or a bank/other trust corporations.

For a small estate, close friends and family would have the advantage of familiarity with the Estate and its Beneficiaries. However, a complex Estate involving many aspects would be time consuming and often overwhelming. Of course, they could seek advice from a firm of Solicitors of which the cost of legal fees will be paid by the Estate.

You may on the other hand, wish to consider appointing a Professional, such as a firm of Solicitors. This will mean your Executor has the necessary expertise to administer the estate and has the advantage of removing the burden from family and friends at a time when they will be grieving.

Should you wish to make an appointment to discuss drafting your will, call us on 01442 216 755 and we would be happy to assist.

Sarah Patrick

Trainee Solicitor

We are seeking a Solicitor to join our friendly firm based in Hemel Hempstead.

12th November 2019

We are seeking a Solicitor to join our friendly firm based in Hemel Hempstead.

Not just for the Elderly – Lasting Power of Attorney

6th November 2019

Most of us recognise that we should probably make a Will, but we rarely also consider making a Lasting Power of Attorney.When it comes to thinking about managing our own affairs in the event that something should happen, ie death, we often settle on making a Will, which of course is the right thing to do. Generally, however, we do not think beyond that and it might be helpful to you and your families to consider making a Lasting Power of Attorney, which can assist you and your loved ones during your lifetime.

Caveat Emptor... let the buyer beware

3rd October 2019

Although sales between individuals, generally speaking, work on the basis of caveat emptor, (let the buyer beware), there are some legal responsibilities that a seller of property needs to be aware of. As a seller, it is important you are aware of your duties of disclosure.

Latest Blog from KK Law

Choosing an Executor

We are seeking a Solicitor to join our friendly firm based in Hemel Hempstead.

Not just for the Elderly – Lasting Power of Attorney

Caveat Emptor... let the buyer beware

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