fbpx

Can I Use My Siblings as Executors in My Will?

.

In England and Wales, an executor is a person appointed in a will to administer the estate of the deceased according to their wishes. The executor’s duties include gathering assets, paying debts and taxes, and distributing the estate to beneficiaries.

Why Using Siblings as Executors May Be Beneficial

.
1. Trust and Familiarity:
Siblings often share a deep understanding of family dynamics and personal preferences, making them well-suited to handle the responsibilities of executorship.

2. Availability and Proximity:
Unlike friends or professionals who may have other commitments, siblings are usually readily available to manage estate affairs promptly, especially in cases where there is no surviving spouse.

3. Cost-Effectiveness:
Hiring a professional executor can incur significant fees, whereas appointing siblings may save on costs, ensuring more of the estate’s assets are preserved for beneficiaries.

4. Emotional Support:
Dealing with the loss of a loved one can be emotionally challenging. Siblings can provide invaluable emotional support to each other while fulfilling their duties as executors.

Conclusion

In the absence of a spouse, appointing siblings as executors in a will can offer practical advantages, including trust, availability, cost-effectiveness, and emotional support. However, it’s essential to consider each sibling’s capabilities and relationships to ensure they are suitable for the role. Once you have decided on a suitable candidate or candidates, you should ask their permission to name them in your will. This is because they are not legally obliged to take on the role just because you name them. If you would like further guidance on choosing an executor for your will, please get in touch.

PREVIOUS POSTNEXT POST

REQUEST A FREE CONSULTATION