Executors named in a Will are the people appointed to deal with the administration of an estate.The partners at asb law are happy to act as executors as required, either as the only executors, or alongside family members or friends. Depending on whether or not other executors are appointed, just one or two partners will actually prove the Will and deal with the administration.
It’s always worth considering appointing a professional executor, particularly in the following circumstances:
- if there is no one else suitable that you would like to appoint as your executors
- if you feel uncomfortable burdening someone else with the task of administering your estate, particularly if it’s likely to be difficult or complicated
- if you are concerned that there may be a dispute in relation to your estate after you have died
- if you think there’s potential for a conflict of interest to arise between your beneficiaries or executors, for example if you want to appoint a spouse and an adult child from a previous relationship
- if you are concerned that your executors may predecease you and you would like to use professionals as a ‘back up’
- if your Will contains trusts that will need to be administered on an ongoing basis and which will benefit from the involvement of an experienced professional
For more information on professional executors and to start a conversation on how we can help you please contact Ellen Lambert, Partner, Private Client.