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Appointing Goughs Trust Corporation as Executor
When creating your will, one important choice you’ll make is who will act as your Executor. An Executor is responsible for ensuring your wishes are carried out, including gathering your assets, paying any liabilities, and distributing your estate to your beneficiaries. You have the freedom to appoint anyone as your Executor, whether a friend, family member, or a trusted associate. If you don’t have anyone you can trust you can appoint Goughs Trust Corporation as your Executor.
Why Choose Goughs Trust Corporation as Executor?
You may not have immediate family members, your loved ones live far away, or if you prefer not to leave them with the complex responsibilities of managing your estate, Goughs Trust Corporation is an ideal solution. By choosing a professional Executor, you can rest assured that all matters will be handled impartially, efficiently, and with minimal disruption to your loved ones.
Our team at Goughs Trust Corporation takes on all the tasks that might otherwise fall on family members or friends. These tasks include:
- Locating and valuing assets such as property, bank accounts, and personal possessions.
- Ensuring all debts and taxes are paid.
- Distributing the remaining estate to beneficiaries in line with your Will.
What Goughs Trust Corporation Can Do as Executor
With Goughs Trust Corporation, you’re choosing peace of mind, knowing that a dependable professional Executor is there to manage the details for you. This means your family can focus on what truly matters during a difficult time, without the added burden of managing the estate.
A Professional and Reliable Solution
Choosing a professional Executor like Goughs Trust Corporation takes away the worries of suitability or family disagreements that can arise when appointing a friend or relative. With Goughs Trust Corporation, you can trust that an experienced Executor will manage your estate according to your wishes, ensuring a smooth and professional process every step of the way.
Appointing Goughs Trust Corporation as Trustee
You can appoint Goughs Trust Corporation (GTC) as your Trustee either during your lifetime when setting up a trust or alternatively through provisions in your Will. Appointing GTC to act as your Trustees offers an invaluable layer of protection for assets such as property, money, land, or investments, ensuring they are managed responsibly and securely for your beneficiaries. This is particularly beneficial if you wish to safeguard assets for children or vulnerable individuals who may require additional support.
By choosing GTC, you gain a trusted partner to oversee the administration of these assets, handle all necessary transactions, and participate in Trustee meetings, providing a reliable foundation for long-term asset management.
Appointing Goughs Trust Corporation as Attorney
Goughs Trust Corporation (GTC) can act as your Attorney under a Property and Finance Lasting Power of Attorney (LPA), providing expert support in managing your financial affairs. Appointing GTC as your Attorney offers the same flexibility as appointing a family member or friend whilst alleviating any pressure on loved ones to manage these responsibilities themselves.
If you become physically incapacitated or lose the capacity to handle your financial matters, GTC can step in to manage everything with your consent, ensuring your affairs are handled smoothly and securely. With GTC as your Attorney, you gain peace of mind that your financial interests will be managed with the highest level of professionalism and care, keeping your best interests at the forefront.
Appointing Goughs Trust Corporation as Deputy
If you know someone who has lost capacity and requires assistance with their finances or property matters, Goughs Trust Corporation can be appointed as their Financial Deputy. Acting as a Deputy through the Court of Protection, GTC takes on the responsibility of managing financial affairs for individuals who are unable to do so themselves, ensuring that their financial needs are met with continuity, care, and professionalism.
By appointing GTC as Deputy, you enable trusted professionals to make key decisions on behalf of your loved one, including managing bank accounts, paying bills, and handling investments. GTC can also oversee the sale of property and liaise directly with the Court of Protection for any required approvals, ensuring that all actions taken are legally sound and in the best interests of the individual. This professional support relieves families of the burden of navigating complex financial decisions, providing peace of mind and reliable continuity in managing their loved one’s affairs.
Speak to a solicitor about Goughs Trust Corporation
If you are considering appointing Goughs Trust Corporation as your Executor, our experienced solicitors are here to guide you through the process.
Whether you have questions about estate administration, need assistance with your will, or want to ensure your wishes are carried out with professionalism and care, we’re ready to help.
You can reach us by phone, email, or visit one of our seven offices to discuss how Goughs Trust Corporation can provide reliable support for your estate.
Read our Trust Corporation terms of Business
Call us
With seven offices around the South West of England, we have multiple offices you can call.
Email us
If you would like to drop us an email you can on info@goughs.co.uk
Visit us
With offices in Calne, Chippenham, Corsham, Devizes, Melksham and Trowbridge, you can pop in and see us. View office locations.
The process of Goughs acting as Executor, Trustee, Attorney and/or Deputy
The process of Goughs Trust Corporation acting as Executor, Trustee, Attorney, and/or Deputy is designed to provide comprehensive support during some of life’s most challenging moments. Each role addresses specific needs related to estate management, ensuring that clients and their families receive the care and professionalism they deserve.
Executor
When a client passes away, Goughs Trust Corporation steps in to take charge of the estate administration. This includes locating and valuing assets, settling debts and taxes, and distributing the estate according to the wishes expressed in the will. Our involvement ensures that the process is handled efficiently and respectfully, minimising stress for the grieving family.
Trustee
In the role of Trustee, GTC is responsible for managing and safeguarding assets within a trust. This includes properties, investments and funds, all managed according to the trusts established terms. GTC’s ongoing administration involves regular meetings, diligent monitoring of assets, and compliance with legal requirements, providing beneficiaries with peace of mind that their interests are being protected.
Attorney
If a client becomes incapacitated, GTC can act as their Attorney under a Property and Finance Lasting Power of Attorney (LPA). In this case, GTC manages financial matters, including banking, bill payments, and investments, always prioritising the client’s best interests. This role ensures that financial stability is maintained even during challenging circumstances and all decisions are made with the clients best interests in mind.
Deputy
For individuals who have lost capacity and require assistance, GTC can be appointed as Deputy by the Court of Protection. This role involves managing finances on behalf of the individual, which can include tasks like handling bank accounts and selling property. GTC also liaises with the Court as necessary, ensuring that all decisions comply with legal standards and truly reflect the needs of the individual.
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Meet the trust corporation team
Solicitor
Solicitor
Partner and Head of Contentious Probate
Partner (TEP)
Associate (FCILEx)
Solicitor
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Why choose Goughs?
Local since 1882, with an excellent reputation
First-class, effective service
Largest solicitors in Wiltshire
Seven offices throughout the county
Nationally accredited law firm
Recognised by Legal 500 and Chambers & Partners
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