Why Use ProbateNI?
What are the benefits?
We are Local
Bespoke Service for N. Ireland
Sympathetic, friendly approach
Stress-free Probate process
Fair and Transparent Fixed Fees
What does an Executor do?
The role of an Executor is one of great responsibility, with a degree of complexity that increases in relation to larger estates.
At ProbateNI, we recognise that Executors will need a helping hand at times, especially if they themselves are grieving. Unlike most legal professionals, we do not charge an hourly rate for any work that we undertake on behalf of the Executors. Instead we offer a fixed-price service, which keeps the overall administration costs down, and enables a greater proportion of the estate to be allocated to the deceased’s beneficiaries.
Pitfalls for YOU as Executor
Anyone who agrees to act as an Executor should be aware of their personal liability. People often underestimate the huge responsibility of being an Executor and the personal liability it brings if things go wrong. Below are a few common pitfalls Executors may fall into and should serve as a warning to anyone contemplating administering an estate without obtaining professional advice.
Paying Tax - Executors have the personal responsibility of paying any tax due by the estate and to complete tax returns covering the administrative period.
Unnecessary Delay - If a loss occurs because the Executor acted too slowly they may be personally liable to the estate for the loss. Examples would be selling a property which falls in value or failure to pay a debt leading to additional interest or penalty charges.
Not an easy job - Our advice would be to consider carefully whether you have the necessary time and expertise to take on the role of an Executor.