Will-writing and Executor Service

While writing a Will is not always a difficult process, using a specialist can ensure that all the important points are covered. As much as anything, a well-written, legally binding Will is the best way of making sure that your Assets are distributed the way you want after your death.

This refers to the combined Assets (such as property, money and investments) and the Liabilities (such as debts) of the deceased. It is possible to write your Will to cover your worldwide Estate, or you can limit your Will to only apply in specific countries or regions (defined jurisdictions).

Appointing Shostra Bank as your Executor means that, when you pass away, your wishes will be carried out just as you’ve requested.

We are experts in Trusts and may recommend setting one up as part of your Will to help you offset Inheritance Tax, and to secure finances for future generations.

We are impartial, so have no vested interest in how you distribute your Estate.

We work with a leading firm of solicitors, Hugh James, whose expertise in drawing up Wills ensures you get the best advice and service.

Our professional Administrators ensure your wealth is passed on promptly and impartially.

This is a tax payable following death on the value of an Estate over a certain amount (or ‘threshold’), subject to specific tax exemptions and reliefs. Bequests to a surviving spouse or civil partner or to a registered charity are examples of transfers that are free of tax. Inheritance Tax is taken from an Estate before the Assets are passed on to the Beneficiaries.

The Executor is the person or company named in the Will as responsible for dealing with the Estate and ensuring that the terms of the Will are met. The Royal Bank of Scotland can be appointed as a sole Executor, jointly with another person of your choice or as an alternative Executor should your chosen Executor(s) be unable or unwilling to act.

Dealing with the legal, investment and tax issues of an Estate often requires specialist knowledge that a relative or friend may not have. A professional Executor will also act impartially in dealing with all Beneficiaries – and offer confidentiality.