LEGAL COMMENT: Winding up the affairs of someone who has died

BBC Radio 4’s 'Money Box' today discussed the complexities involved in winding up the affairs of someone who has died.

BBC Radio 4’s 'Money Box' today discussed the complexities involved in winding up the affairs of someone who has died.

Partner Richard Bate comments:

"Dealing with a deceased’s estate can be a complex, time-consuming and often emotional time. Whilst it can be a great honour to be appointed as an Executor, the risks involved in taking on this role are often not always fully appreciated. For example, Executors can be personally liable to beneficiaries if they do not act promptly and with due diligence.  By instructing a Solicitor to assist them, Executors can minimise the risks they face.  

"Historically, Solicitors calculated their legal costs for dealing with an Estate by charging for the time spent working on a file and by adding a percentage “uplift” based on the value of the Estate. Whilst this is no longer standard practice, this charging method is still used by some legal professionals. Our fees are calculated purely on a time spent basis , which means that you are only charged for work done on behalf of the Estate.

"Our team of specialist estate practitioners can help relieve the burden of administering an estate and make the process as straightforward as possible."

 

 

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