I am named as executor in my parents wills. These are mirror wills and they have a small house currently worth approx £110,000 and around £20,000 in savings. No behests of jewellery or other items in the will. Assets to be shared between 4 siblings.
They have now bought a prepaid probate plan costing £4000 & have paid £500 deposit yesterday. I need to work out if this is worth it or if I should advise them to cancel. with in the 14 days. I know for such a small straightforward estate a solicitor is not legally required but it can be a difficult, lengthy process so we may end up using a solicitor rather than diy.
Any experience/ advice re expense & stress? Parents are mid 70s, independent & fit for their age. TIA!