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Premier Banking

Will Writing and Executor Service

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How our service works

Read our guide

Common questions

Get in touch

Helping you pass on your wealth

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.

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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 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.

Get in touch

Helpful information

Read our will-writing and executor service guide.

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

How we can help

Will-writing

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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.

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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).

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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.

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

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.

Let your loved ones know your wishes

None of us like to think about our loved ones having to manage without us. But it’s important that we do. Would your family know your wishes if you fell ill or died?

From your finances and funeral, to legal arrangements like wills and power of attorney, take a look at what to consider when planning for later life.

Plan for later life

Common questions about making a will

Why do I need professional help to write my will?

What fees apply for the service?

What are the benefits of making a will?

If you don’t make a will, the law will determine how your assets are shared out when you die (this is known as ‘dying intestate’).

With a will, you 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 pay more Inheritance Tax than necessary.

Why should I have a professional executor?

Speak to your Premier Banking Manager

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

If you don’t have their mobile number to hand, our customer support team (Premier 24) can book an appointment for you.

Telephone: 0333 202 3330
International: +44 161 933 7239
Minicom: 0800 027 1395