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.

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