Being an executor of someone’s estate after their death is a demanding role, which requires a great deal of work, time and responsibility.
When you are named an executor, you will take on the task of administering the estate of the testator (the person who made the Will) after they have passed away. The word ‘estate’ simply refers to everything a person leaves behind, whether it’s their house, car or wedding ring.
Executors have extensive legal duties which can take months, or even years to complete.
Exact duties of an executor fall into three different categories.
Common responsibilities an executor must take on include:
- Ensuring all personal possessions owned by the deceased are kept safe and secure
- Distributing the estate to the people entitled to it in accordance with the terms of the Will
- Paying any outstanding debts, bills, taxes or other expenses out of the money in the estate
- Collecting all assets and money due to the deceased persons estate
If you find that the estate is complicated, for example if the terms of the Will have not been made 100% clear, then it is best to act with legal advice. While being an executor may feel like a daunting task at first, you can rest assured that the specialist team at Peter Robinson & Co. will guide you as much as possible as you carry out your role as an executor.
What if there is no Will?
When there is no Will to refer to, the next of kin usually takes responsibility for the distribution of the estate (called administrators). We are able to guide you through the process of the administration of the Estate, the collection and distribution of the assets and paying the debts of the Estate. Our team of Probate experts will ensure you are fully aware of your responsibilities from beginning to end.
Who can be an executor?
Anyone over the age of 18 can be an executor of your Will. It is common for people to choose a partner or child to be an executor but you may decide you want a professional to handle your estate.
Choosing Peter Robinson & Co. as one of your executors makes good sense. If your estate is likely to be complicated you can be sure that your Will will be handled professionally and responsibly when you pass away.
For further information and advice please contact Peter Robinson & Co. now on 0161 678 7996.