www.iva.co.uk

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.

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

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.

Thank you both.

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

Thanks