ChatterBank3 mins ago
Executor Of Will Lives Overseas
15 Answers
Hi, I wish to make my eldest daughter the executor of my will but as she lives in the USA, my solicitor is advising against it. I assume it may be to do with money laundering, I don’t really know. Obviously she would fly over if anything happened to me, but is there any legal reason why someone living abroad cannot be an executor of a UK will. Many thanks.
Answers
I’m pretty sure that there is no legal reason a person living abroad could not be executor of a UK Will; otherwise what would happen should someone named as executor move abroad? But someone living in the USA, and acting as executor of a UK estate would have more problems than most; with banks and other financial institutions unable to easily verify exactly who...
09:57 Fri 03rd Jun 2022
I’m pretty sure that there is no legal reason a person living abroad could not be executor of a UK Will; otherwise what would happen should someone named as executor move abroad?
But someone living in the USA, and acting as executor of a UK estate would have more problems than most; with banks and other financial institutions unable to easily verify exactly who they are – and they’d likely need to have/open a UK bank account to administer the estate funds (which might prove impossible without a UK address).
So I think your solicitor is advising against it for very valid reasons, unless say your Will left everything to your eldest daughter.
But someone living in the USA, and acting as executor of a UK estate would have more problems than most; with banks and other financial institutions unable to easily verify exactly who they are – and they’d likely need to have/open a UK bank account to administer the estate funds (which might prove impossible without a UK address).
So I think your solicitor is advising against it for very valid reasons, unless say your Will left everything to your eldest daughter.
Making one of your offspring executor (executrix) of your Will should not be an issue, even if they are one of the beneficiaries of your Will.
My late mother made me executor of her Will; after she passed I shared a copy of the Will with my siblings (and others who were beneficiaries of the Will) and went about distributing her estate as per her wishes.
Unless your estate and its distribution is complex, I would advise against appointing a solicitor as executor of a Will – which effectively writes a blank cheque to them for the work in distributing the estate.
My late mother made me executor of her Will; after she passed I shared a copy of the Will with my siblings (and others who were beneficiaries of the Will) and went about distributing her estate as per her wishes.
Unless your estate and its distribution is complex, I would advise against appointing a solicitor as executor of a Will – which effectively writes a blank cheque to them for the work in distributing the estate.
I can foresee many complications but the best thing you can do is call your solicitor and ask him why he is so against it. The legalities of closing your bank account and transferring the monies would be near the top of the list; then there is the practicalities and inconvenience of selling your property which could take months.
Your solicitor can explain it all in detail
Your solicitor can explain it all in detail
If you name both of your daughters as joint executrixes, that should overcome any issues re bank accounts etc in the UK. In such a situation, it is likely that the daughter living in the USA would agree to her sister doing most of the donkey work in distributing the estate, with her overseeing things.
Just make sure both daughters know where the original of the Will is stored.
Just make sure both daughters know where the original of the Will is stored.
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