When you make a Will, one of the questions you’re asked will be to choose executors for your Will, a minimum of one and a maximum of four. They should be people you trust to put in place your wishes after your death. Ideally, they should be younger than you, and quite often they will be your adult children.
A common myth is that Executors can’t be beneficiaries of the Will, thats not true. One of the jobs as an executor is to deal with the immediate aftermath of your death, so what they will do is register your death with the authorities, arrange your funeral and arrange for the valuation and administration of your estate.
The executors job is really important and there are a lot of people out there who will try and encourage you to appoint professional executors. It’s not always a bad idea, but be aware that if you are appointing executors on a professional basis you could be writing a blank cheque. It’s best you know exactly what the fees will be before you agree to use their services.
Read more on probate services here or contact us if you would like to discuss executors duties and how we can help.