Executry Lawyers | Motherwell | Ness Gallagher Solicitors

If you’re faced with winding up an estate, you need a professional who is expert and efficient, but also compassionate. For over 40 years, we have looked after thousands of clients, at what has often been a very tough time in their lives.

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Winding Up An Estate

The person with the job of winding up an estate is called the Executor. Our job is to guide them through the process, relieve them of the burden and make sure all the assets are distributed as they should be, in the shortest possible time.
In every estate, large and small, these are the key tasks:

Have the Executor appointed by the Court

Identify the assets, have them properly valued, and gather them in.

Pay any tax due.

Transfer all the assets to the rightful beneficiaries.

Keeping in Touch

We know how important it is to keep our clients well informed. You will always have a key contact, who will advise you every step of the way, and be available to answer your questions.

Savings and Investment

Especially with larger estates, it’s vital to save and invest the proceeds wisely. We have at our clients’ disposal a range of trusted advisers who operate to the highest ethical standards, and will be delighted to discuss your options without any obligation.

The Executry Process

Executry is the administration of a deceased’s estate once the executor is given authority to distribute it.
Some of the steps involved are as follows:

Identify executors and obtain acceptance

Ascertain the deceased’s assets

Notify banks and financial institutions of the death

Request a valuation of the deceased’s assets

Ensure Inheritance Tax is paid, if appropriate

Apply for Grant of Confirmation or Bond of Caution, if necessary

Send Grant of Confirmation and request funds

Pay debts and final taxes owed on the estate

Distribute Will and obtain discharges from the beneficiaries

Obtain a discharge of legal rights if required

Draw up estate accounts and notify all residuary beneficiaries

Close executor’s account and complete administration

At Ness Gallagher, our executry lawyers can assist you with winding up the estate of a loved one, providing you with valuable legal support from beginning to end.

The role of an executor

An executor is appointed to look after a deceased person’s estate, take care of gathering assets, paying debts and taxes on the estate, valuing the estate and distributing the estate in accordance with a Will, if there is one.
Typically, a Will should detail who is to be appointed as executor of the estate (e.g., family members of the deceased). In cases where the executor is not a lawyer, it is advisable to instruct a legal professional to manage the administration on the estate.

What happens if there is no Will?

If a Will is not present, you can apply to the court to be appointed as an executor. The deceased’s spouse or next of kin is usually appointed, and the estate is then divided according to the intestacy rules that apply in Scotland.

Ness Gallagher Solicitors has been helping clients settle their loved one’s estate for over 40 years. We have the experience and expertise to deal with your all executry needs and pride ourselves on explaining the process and communicating regularly with our clients.
Our priority is to help you seek closure at this emotional time, and we will do everything in our power to ensure the estate is dealt with as efficiently as possible. Our dependable and understanding solicitors offer a client-focused service, and strive to alleviate any stress added by the executry process.

“Ness Gallagher have represented McGarry Flooring & Contracts Ltd for all our legal requirements for over twenty years.We have always been afforded outstanding service with the whole team working diligently and discreetly to advise and guide us through the many challenges we meet in business today”

Liam McGarry - McGarry Flooring

"Ness Gallagher provide a wide range of legal services and I am always confident in their advice."

Sherry Funeral Directors - Motherwell

"We have been dealing with Ness Gallagher for over 20 years and have always found them pleasant to deal with, offering professional advice on all legal matters in a prompt and efficient manner."

Toolstop - Bothwell

"Two generations of our family have relied on Ness Gallagher providing legal assistance for over 40 years.Their guidance and expertise in diverse areas such as the preparation of wills, winding up of estates, and buying and selling property has been invaluable. In all cases the entire process is handled in a friendly, professional manner with a welcome personal touch. We would have no hesitation whatsoever in highly recommending their services."

The Doran and Mullen families, Wishaw

95 Stewarton Street,Wishaw,Lanarkshire,ML2 8AGPhone: 01698 355525Email: ku.oc.rehgallagssen%40wahsiw