Kept Assets

Kept Assets Wills, Trusts, Lasting Power of Attorney and Probate

02/09/2026

Once I get Probate what do I do?

The Grant of Probate document allows you to move forward with your role as Executor and start to arrange for the distribution of the estate to the beneficiaries. First thing to pay is any Taxes that are due then any debts. It may be that you need to sell assets to get the cash to pay these bills and now you have the Grant of Probate you are able to do this. After that you are able to distribute the remaining funds to the beneficiaries. To get a more detailed understanding, download our Executor Training course.

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If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

26/08/2026

Do I complete many forms to get probate?

In order to get the Grant of Probate the Executor does need to fill out some forms depending on the size of the estate and it’s complexity. The more complex the estate the more forms, in fact you have a selection of 21 different forms depending on the estate and the assets within the estate. The main one that tends to be filled out on a lot of estates is IHT400 which is 16 pages, but it does often link you to other forms to cover specific things, most of which add another 2-4 pages depending on what the asset is. In general, the questions to be answered are not complex and if you have the information in advance it doesn’t take long to do them. To get a more detailed understanding, download our Executor Training course.
If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

19/08/2026

As Executor why am I going to do Probate?

If you are an Executor then it means that the deceased had a Will, otherwise you would be an Administrator and would have volunteered for the role. Executors are expected to complete the probate process for any estate that has an asset value of more than £5,000. There is a common assumption which generally holds true that if a person has gone to the trouble of creating a Will and appointing an Executor then they at least expected that they had some value to pass on making probate likely for most Wills. The reason anyone does probate is because the government wants to know if you owe them any taxes and the probate process is their last chance to get those taxes from your estate before your estate is distributed to new owners who have no liability for the debts. To get a more detailed understanding, download our Executor Training course.
If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

12/08/2026

1) Anything that I have to look out for when collecting debts? (slide 14)

Death doesn’t make an invoice or a loan void they are transferred into the estate of the deceased and the estate via the Executor is responsible for collecting those debts. It is interesting to hear the reaction of people who owe the estate money as for some reason they often feel they don’t have to pay anymore and that they can just take as long as they like to pay. The terms under which the debt was created still apply and if there is an interest clause for late payment then you would be wise to make the debtors aware of this because the beneficiaries of the estate will be expecting the Executor to apply and collect these. To the get more detailed understanding, download our Executor Training course.
If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

05/08/2026

Do all the debts die with them?

This is one of those commonly believed myths that is only partly true. The part that is true is that the deceased will not be paying the debt. The bit that isn’t true is that the debt does not disappear, it just becomes owned by the deceased estate and the estate via the Executor has to pay the debt on their behalf. Starts with any Tax that is due then banks and financial debts and flows from there so long as there are funds to pay everyone all is good if there aren’t then the debt can become the responsibility of the Executor. To the get more detailed understanding, download our Executor Training course.
If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

29/07/2026

I guess giving away the stuff people are left in the Will is easy.

In the majority of cases, it is fairly straight forward and obvious who gets what but unfortunately you still have to follow processes to make sure that the right people get the right amount of what they are expecting. In most cases assets such as houses, cars, boats, shares are turned into money before they are distributed and it is this process that if rushed can sometimes reduce the funds achieved as there is a pre assumption in the market that everyone dealing with probate sales is under pressure to get the cash so buyers bid low hoping the seller will agree to save time.
To the get more detailed understanding, download our Executor Training course.
If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

22/07/2026

What options do I have as an Executor when contacting people to advise them of the death of a person?

You do need to consider how well the person may have known the deceased and the potential impact on them if they are unaware of the deceased passing.

The closer the person was to the deceased the more important it may be to visit in person to break the news.

To the get more detailed understanding, download our Executor Training course.

If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

15/07/2026

What options do I have as Executor when contacting companies that dealt with the deceased?

When contacting the companies concerned do you know what you are going to say to them? For example, when contacting the house insurance company, you may have to close down the current policy and start a new one as the house could now be empty and that presents a different risk under a different policy, which may well be in your name as Executor. You need to know what your options are before you approach each organization as you will quickly learn not everyone is trying to help you regardless of what they say to you. To the get more detailed understanding, download our Executor Training course.
If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

08/07/2026

Do Executors sort out Passwords?

Yes the Executor of a Will is expected to know the passwords, or be able to find out what the passwords are for the deceased assets.

More and more transactions in people’s lives are managed and conducted digitally, and this almost always involves some sort of password or security process to allow you access to the information that you need.

Once you have a list of the digital involvement the deceased had, you will need access to the passwords.

If you have engaged with them before passing you may be able to get access via a password manager (where all their passwords are listed) which sensibly they have given you the password to.

If you don’t have this password information, then things are going to get tougher and much slower as you are going to have to contact each organisation via their bereavement team to establish what if any process you need to follow to open the digital asset.

Unfortunately, not all organisations allow access to digital assets if you don’t have the password some data / assets / money / Photos could be lost.

To get more detailed understanding, download our Executor Training course.

If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

01/07/2026

As Executor do I sort out the finances?

If you have not already discussed this with the deceased, you will need to locate all the financial documentation you can. This is one of many key roles of the Executor. A sensible place to start is with their bank statements (there may be more than one). It may be worth getting the statements for the last year from all accounts and credit cards as this will allow you to spot the regular payments that are made, be they annually, quarterly , monthly or weekly thus creating your list of people who you are going to need to contact to make then aware of the passing. To get a more detailed understanding, download our Executor Training course.
If you are an Executor and want to know more follow me for more insights or just get in touch for a 1-2-1

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