Professional Executor and Estate Administration Services

Appointing a professional executor can relieve family and friends of the burden of administering your estate, after you've gone.

What are professional executor services?

When you make a Will, you have to appoint someone to deal with your property and belongings (your estate) when you pass away. This is your 'executor', and it can be someone you know or you can appoint an independent professional executor.

Whoever is responsible will have a wide range of duties and the legal right to administer your estate. They will also have to work out the amount of inheritance tax owed on the estate and prepare the tax return to pay it. A professional executor can be appointed to take on these duties.

Why use a professional executor?

• An independent professional executor will seek to follow your wishes, as set out in your Will, which can be complex and time consuming.
• Appointing a professional to deal with your estate can ease the pressure on loved ones at a difficult time.
• Inheritance tax may be payable on your estate. The rules are quite complicated, but a professional executor could help to ensure that the correct amount is paid and they will administer your estate in a tax efficient way.

Appointing an independent professional executor through Skipton

You can appoint an independent professional executor through Skipton to deal with your estate. Our executor services are provided by Skipton Trustees Limited (STL) - a trust corporation which is a wholly owned subsidiary of Skipton Building Society - and administered by abrdn Financial Planning and Advice Ltd.

Their role is to make sure your estate is administered tax efficiently and minimise the financial risks that could arise if its not done properly. All to make things as easy as possible for your loved ones.

If you’re an executor for an estate already

You might already be an executor for an estate and have found it requires a great deal of work, and knowledge you might not have. If you would like some help carrying out your duties, you could appoint Skipton Trustees Limited to support you as estate administrators.