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About the Executor of the estate

What is an Executor?

An executor manages your affairs after you pass away.

Who should you appoint as your Executor?

Being an Executor for a Will is a VERY stressful job that should only be handled by a professional. Your Will can and should appoint an independent professional executor for the sake of peace of mind of you and your family.

What does an Executor of a Will do?

The Executor may have to:

organise the funeral;

find all the estate's assets;

apply to court for a Grant of Probate (and reseal if necessary);

pay the debts and ongoing bills of the Estate;

deal with the superannuation and life insurance;

maintaining or winding up any businesses;

lodge tax returns including a final one for the estate; and

sell assets or transfer ownership of those assets. Overseas assets can be obtained with the use of a reseal.

Nominating an Executor in your Will

Talk to us about nominating an Executor in your will.

 

Art and Website Copyright © 2010 David Boots