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Will-writing and Executor Service

Whether it’s your first will or you need to revise an existing one, our professional will and executor service helps you get it right.

Why make a will?

Making a will is the only sensible way to ensure that your money and assets are shared out according to your wishes. Our Will-writing expertise is provided in partnership with Hugh James, a leading firm of solicitors. You can discuss your wishes with them and they will identify the best way to ensure they are fulfilled. A fee will apply for this service.

It is important to remember that when you pass away there will be certain debts to be settled as well as assets to be shared out. These debts might typically include funeral expenses, household bills and taxes.

With a will, you can decide how your Assets are shared out to your relatives, to friends, or perhaps to your favourite charity.

You can make sure your partner is provided for if you aren’t married or in a civil partnership (as your partner will not inherit automatically).

If you’re divorced or if your civil partnership has been dissolved, you can decide whether to leave anything to an ex-partner.

When you make a will, you can appoint an Executor who will take responsibility for distributing your assets according to your wishes.

You can also make sure you don’t have to pay more Inheritance Tax than necessary.

Making a tax-efficient will

Simply leaving your Estate to specific people or organisations might not be the most tax-efficient way to distribute your wealth.

When writing your will, you should consider Inheritance Tax and how to protect your money for future generations. There are ways to reduce the amount you will be eligible to pay, thus increasing the amount of your estate which can be distributed according to your wishes.

Will Writing and Executor Service

Knowing you have a will in place is reassuring for you and the ones you love. So whether it’s your first will, or you’re revising one you already have, now is the perfect time to ensure everything’s in place.

How our Will Writing and Executor service works

Making a will is the only way to ensure that your money and assets are shared according to your wishes. A fee will apply for this service.

Our will-writing expertise is provided by leading firms of solicitors; Hugh James law firm provides our will-writing service in England and Wales and Brodie’s Solicitors are our partners in Scotland. We chose these two providers for their exceptional level of service.

Your Premier Banking Manager knows you and your financial objectives and so is ideally placed to discuss your will-writing needs.

Helpful information

  • Will-writing and Executor service guide (PDF, 2 MB)

How we can help

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Inheritance Tax

When writing your will, you should consider Inheritance Tax and how to help protect your money for future generations.

Inheritance Tax in detail

Inheritance Tax (IHT) is a tax payable on the value of your estate (after you die). It is only payable over a certain amount (or ‘threshold’), subject to specific tax exemptions and reliefs.

Simply leaving your estate to specific people or organisations might not be the most tax-efficient way to distribute your wealth. It may be more tax-efficient to set up a trust within the terms of your will. We can advise you on how best to do this.

If you already have a will, you may wish to review it to ensure it reflects any changes to your situation or to inheritance laws.

Tax reliefs and other matters referred to are those available under current legislation, which may change, and their availability and value will depend on your individual circumstances.

Please read our fees, terms and conditions (PDF, 132KB) leaflet for more information.

Appointing an Executor

It’s up to you who you appoint as executor of your estate. It could be an individual, family member or another professional such as the Bank (a fee will apply).

Appointing an Executor in detail

An executor must deal with legal, property, investment and tax issues relating to your assets and that may require specialist knowledge.

An executor must also act impartially in dealing with all beneficiaries – and offer confidentiality. Bear in mind that a close family member may not wish to perform this role, especially at a time of bereavement.

Please note, if you choose a professional executor, their fees plus any other liabilities will be taken from your estate before funds are distributed to your beneficiaries.

Liabilities

When you pass away, there will be certain debts to be settled as well as assets to be shared out. These debts might typically include funeral expenses, household bills and taxes. It will be the executor’s role to ensure these are settled.