Does IVA stop me being an executor for an estate ?

[Jaytee]

Does my IVA stop me being an executor for an estate?

I am currently in the middle of an IVA and understand the rules about windfalls, I would not benefit anyway. However a good friend of mine is making a will and has asked me if I'd be an executor. I don't remotely expect the worst to happen during the remainder of my IVA but is there anything legal that would stop me acting as executor due to my IVA?. I would hate to have to ask him to redraft his will at some point if I am not eligible.

Any advice much appreciated.

[Declan at DebtFreeDirect]

Hi Jaytee
No, there is nothing preventing you from acting as an executor of a will. The duty of the executor is to carry out the instructions of the will and assuming you don't benefit then there is no issue surrounding your IVA.

Thanks

[MelanieGiles]

You would need to check the terms of the will. It is unlikely that being in an IVA would effect you, but best to check to be sure.

[Jaytee]

Thank you both.

[Declan at DebtFreeDirect]

Hi Jaytee
Happy to help. If you do have any further questions, don't hesitate to ask.

Thanks