Being named an executor for the first time can be daunting, particularly when it comes to identifying every financial account the deceased held. This guide covers the basics.
Where to start
- Gather any paperwork, statements, or correspondence found in the deceased's home
- Check for standing orders or direct debits on any accounts you can already access
- Consider whether a formal financial asset search is appropriate for the size and complexity of the estate
Authority to act
Before an institution will discuss an account with you, they will usually expect to see either a grant of probate, letters of administration, or evidence that you are named as executor in the will.