Executries

When someone dies it can be a very stressful and difficult time and there are inevitably a number of matters which require to be dealt with. We are able to make this time as straight-forward as possible.
 
Following a death, most people leave an "estate", that is the money and other belongings of the person who has died. How this estate is actually dealt with will depend whether or not there is a Will.

If the deceased left a Will this usually appoints executors, who will be responsible for dealing with any assets of the estate. If there is no will it may be necessary to apply to the Sheriff Court to have executors appointed.

Once executors have been established, it will be necessary to prepare an "Inventory" of all the assets in the estate. This Inventory is then signed by one of the executors and thereafter lodged in Court and the Court will issue a "Confirmation".
  
This Confirmation gives the executors right to deal with the assets of the estate.

The assets of the estate such as bank accounts, stocks and shares, bonds and policies are then ingathered. If there is property to be sold it is then placed on the market for sale.

Assuming there is a Will, the proceeds of the estate are divided among the parties entitled to receive the estate in terms of the Will. If there is no Will, the proceeds of the estate are divided among those relatives who are entitled to receive a share of the estate under the rules laid down by the law.

We will be able to guide you through this process.

Contact: muriel.macleod@macandmac.co.uk