My DH and I have made wills leaving everything to each other when either 1 of us dies.
That's the simple bit.
The problem arises if/when both of us are dead.
We have instructed our Solicitors to be the executors of our estate.
We have no children but are both from big families and have left everything divided between several beneficiaries - approx 26 of them in total and left a legacy to a charity.
A recent family bereavement has made us re-think our will and my question is :
in order to cut down on Solicitors fees, could we name 2 family members as co-executors in addition to the Solicitors?
My thinking is that if the Solicitors communicated with these 2 people only, then they in turn could be the ones to communicate with the other beneficiaries.
My concern is that if we only have the Solicitors as executors, after writing letters to 26 people regarding this inheritance, there will be nothing left for them to inherit as it will have all been spent on legal fees. On the other hand it is too complex to expect 2 lay people at different ends of the country to sort it all out without the experience of the Solicitors.
Thoughts please.
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Another Will question.
6 replies
Wingedharpy · 14/04/2013 01:48
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