Choosing Your Executor

When we take instructions to draft your Will, we ask - who are your executors?

It is always a good idea to have two executors in case one is unwilling or unable to take on the role when you die, is unwell or has also died. Y

You can nominate two (or more) executors to act together (jointly) or simply appoint one and then make the second person an alternative if the first person cannot fulfil the role.

An executor manages the deceased person’s affairs. They apply to the Supreme Court for a grant of Probate or Letters of Administration. They locate and manage assets and liabilities, sell assets, file tax returns, pay debts, keep records, distribute assets to beneficiaries and otherwise carry out the deceased person's wishes in accordance with the Will.

It is a serious and responsible role, and often time-consuming. It is a stressful task if beneficiaries are not happy or if someone issues a family provision claim (challenges the Will).

People making Wills need to choose their executors wisely, and people who are asked to take on the role need to understand what the role entails before accepting the appointment.

Please contact Noy Legal if you need a Will or have any questions about executors.