Being the executor of a will means that you have been designated to carry out the wishes of the deceased person as outlined in their will. This involves managing their assets and property, paying off any debts, and distributing their assets to the designated beneficiaries according to the will’s instructions.
It is important to appoint someone you trust as executor of your will because they will have significant responsibility for distributing your assets and ensuring your final wishes are carried out. Choosing a trustworthy executor can help prevent potential conflicts or disputes among beneficiaries.
The executor has a duty to act in the best interests of the estate and its beneficiaries and must follow all legal and administrative procedures in carrying out their duties. Being an executor can be a challenging responsibility and it can be helpful to seek legal advice to assist you in fulfilling your obligations.
Our team of probate lawyers at Geelong Legal can assist executors of a will by providing legal advice and guidance on the legal requirements and procedures involved in the probate process.
We can also help executors to manage any disputes, handle tax issues, and ensure that the deceased’s assets are distributed with minimal legal and tax implications.