How to make life easier for those you leave behind…
After your death it’s left to your Executors (the people chosen to ensure that the wishes in your Will are carried out) to sort out your estate.
Although the role of Executor is not an onerous one, there is lots of paperwork to sort out and you can make it much easier for them to perform their task if you get things in order before you die.
The following is a list of information that will be required to administer your estate:
- House – title deeds
- Bank accounts
- Building Society accounts
- Savings certificates
- Shares
- Car – and details of any finance arrangement
- Premium Bonds
- National Savings Income Bonds
- Insurance policies
- Unit trusts
- Personal Equity Plan/Individual Savings Account (ISA)
- Co-operative bank account
- Business or agricultural property
- Any other property
- Superannuation benefits -nominated?
- Trust property
- Foreign property
- Information as to whether you made any substantial gifts within the last seven years (this information is needed for Inheritance Tax purposes)
- Debts – including details of any mortgage and any outstanding bills e.g. gas, electricity, water rates, council tax
- Income Tax District/Tax Reference/Name and address of your accountant
- Council tax reference
- House contents/motor insurance policies
- DSS pension book or pension number
- Current addresses of all beneficiaries mentioned in the Will (and their full names if they are not stated in the Will)
- The dates of birth of any beneficiaries who are minors (this information will be required by the Inland Revenue if a Trust is created under the Will)
- The dates of death of any beneficiaries who have died before you
Incoming search terms:
- coop bank executors
- cooperative bank executor account
