What is an executor?
When you make your Will, you need to appoint a person or organisation to administer your estate.
This person is known as the executor and their role is to carry out the instructions in your Will.
The executor role becomes effective when you pass away.
Who should I choose to be my executor?
Many people see it as a compliment to appoint a relative or close friend as their executor, but finalising your affairs while they’re grieving can be overwhelming and challenging.
In addition, sorting out your affairs can be a very lengthy process if your estate:
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is complex
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is contested
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contains on-going trusts (that need to be maintained over time).
It is important to choose an executor who understands the legal, financial and taxation implications and can maintain independence if there are disputes.
Responsibilities of an executor
| Administration |
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|---|---|
| Probate and distribution |
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| Financial |
|