When making a Will you may appoint an executor or several executors to handle your Estate and execute your wishes after your death. Your Estate Lawyer can advise the Executor of their duties and obligations under the Law.
When choosing an executor, you can choose a beneficiary to be an executor. This is common if you have a sole beneficiary and you appoint them to be the sole executor as well. When selecting executors, you should consider the relationships each have with each other as this will ensure the Estate is handled smoothly.
Some of the Executors Duties Are:
- Making funeral Arrangements
- Dealing with the Estate and Assets and Financial
- Organisations including Management
- Dealing with the beneficiaries
- Obtaining Grant of Probate or Letters of Administration
- Resolving Disputes
- Acting impartially and in the best interests of the beneficiaries
The role of an executor is often demanding and carries legal risk. Choosing an executor is one of the most important decisions when drafting your Will. It is important to speak to an Estate lawyer to understand the role and responsibilities of the executor to help you make the right decision.
If you are an executor of an estate and need assistance and advice with administering an estate contact one of our lawyers today on 08 6181 0600 or complete the enquiry form.
