What does an executor do?

Sep 26, 2022 | Publication | 0 comments

An executor is a person appointed under a Will of a deceased person.

An executor has various duties including to:

1                     Ensure that assets of the deceased and estate are protected and insured.

2                     Apply for a grant of probate of the last known Will of the deceased person.

3                     Call in the assets of the deceased person (being the estate).

4                     Attend to the tax affairs of the estate.

5                     Pay the debts of the estate.

6                     Distribute the estate in accordance with the Will.

7                     Establish any trusts provided for by the Will.

The above are not all of the duties of an executor.

The duties of an executor may depend on the assets and nature of the estate.

An executor may be entitled to claim commission.

An executor may also be entitled to reimbursement of any expenses incurred.

For assistance with an estate, please contact McAuley Lawyers.

The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this publication is accurate at the date it is received or that it will continue to be accurate in the future. We are not responsible for the information of any source to which a link is provided or reference is made and exclude all liability in connection with use of these sources. If you do not wish to receive newsletters from us, please let us know.

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