An executor is the person named in a will to carry out the wishes of the will-maker after they die.
The extent of time, effort, expense and emotional toll associated with being an executor can vary significantly.
The executor is responsible for representing the deceased to finalise their financial, personal and legal affairs. Most executors engage a law firm to assist in the process, from obtaining the grant of probate from the Supreme Court, through to arranging tax returns, interpreting the will and distributions to beneficiaries.
The steps in estate administration are:
- apply for probate
- locate assets
- pay debts
- defend legal actions
- lodge tax returns
- distribute assets
In some instances, an executor is entitled to charge commission for the work undertaken by them. Our expert deceased estate lawyers provide advice to executors in relation to entitlements to executor’s commission.