Executor Duties

We understand the emotional turmoil and turbulence that is synonymous with the passing of loved ones. Managing the administration of the Will, preparing all necessary documents required for probate and ascertaining all relevant information about assets and debts by contacting the necessary financial institutions can be daunting task.

Our compassionate solicitors and staff at Equilaw are readily available to help you through the legal easement of this process.

What is an Executor?

An executor of a will becomes effective when the person who has nominated you passes away. As an executor, your role is to carry out the directions contained in the Will and legally administer the estate accordingly.

Primary Tasks of the Executor

As an executor, you are required to complete the following tasks:

• Funeral arrangements in the case of no family or direct family members not wishing to be involved in organising the funeral;
• Confirmation of assets and debts;
• Protecting the assets of the estate, notification to banks, businesses and government agencies;
• Realisation of assets;
• Accounting;
• Tax liabilities; and
• Estate distributions

Important considerations

Additionally, it is important that, as an executor, considerations such as the time it takes it finalise estate, your ability to understand legal and financial requirements, and the possibility of taking on personal and financial liability are accounted for. For further information and clarification, please contact our team on 02 6542 5566.

Liability limited by a scheme approved under Professional Standards Legislation. This newsletter is intended to provide general information. You should obtain professional advice before you undertake any course of action.