Executor Safety

Are you managing the estate of a family member that recently passed?

Executor Safety, is that something you have considered?

If you, as an Executor, have never heard of the London Gazette then you may be interested to know that it is a way of ensuring that you don’t get held personally responsible for debts to the estate that turn up late in the process. The London Gazette is the recognised place where you place a notice to inform everyone of the deceases passing. You can embellish your post to include local newspapers. The Gazette under the Trustee Act of 1925 states that you should name the deceased and the executor/administrator so that a claim if valid can be made against the estate. The claim is not made on you directly it is logged through the Gazette so you have an official record. The notice ensures that if nobody responds within the allotted time you are then not personally responsible for any debts to the estate that are then discovered. Not doing this mean that time on the estate is never called and a claim can be made at any time in the future. If you would like to know more about this and costs involved then do get in touch