Things to consider when choosing an Executor for your Will

Here are the things that you may want to consider when choosing an Executor for your Will:

Understand the role of an Executor

• An Executor will apply to the court for a court order to deal with the estate (Grant of Probate)
• Collect and value assets
• Pay debts, taxes and funeral expenses
• Keep accurate records and deal with any disputes
• Distribute the estate to the named beneficiaries in your Will

Who can be an executor

• Must be 18 years or over
• Can be a beneficiary in your Will
• Can be a trusted friend or family member
• Can be a professional, such as a solicitor
• You may want to consider a solicitor if your estate is complex, there is a likelihood of disputes among beneficiaries or if there are no suitable family or friends available to take on the role as an Executor.

What to look for in an Executor

Someone who is:

• trustworthy and responsible
• organised and financially literate
• available and willing to take on the role
• likely to outlive you

Appoint more than one Executor

• It is a good idea to appoint more than one Executor or a substitute Executor in the case that your first choice dies before you or may be unwilling or unable to act.