It is usual to appoint at least one executor in your will. But what is an executor?
What is an executor of a will?
An executor is a person who has legal responsibility to deal with your property and financial obligations once you die. They are responsible for collecting in all your money and any other assets, making sure your debts and other obligations are paid and then seeing that anything remaining is distributed to your beneficiaries according to the wishes stated in your will.
Who can be an executor?
You can choose anyone who is over the age of 18 as an executor of your will. You might choose a close friend or family member – even if they are also named as a beneficiary in your will. Many people choose their spouse, civil partner or children as their executors, but others prefer to appoint other relatives or friends. Some people prefer to have a professional person such as their accountant or solicitor as their executor, especially if matters might be complicated or if any family feuds are likely.
You can appoint up to four people to be your executors and it is usually sensible to choose at least two.
Who would be a good executor?
The choice is yours. However, the role of an executor is very important so you should choose people who are reliable and that you trust to carry out your wishes as you intend them to be carried out.
If you appoint more than one executor, it’s important to know that they will need to act jointly, so you should choose people who get on well with each other. Any tension between your executors could make it difficult for them to work together.
Do I need an executor?
Yes, you should appoint an executor so you are able to choose who deals with your estate after you die, rather than leaving this decision to the state. We can arrange a 20 minute free initial consultation to discuss your specific needs with one of our legal experts who will be happy to assist you. You can contact us on 0800 614 722 or at birchallblackburn.co.uk or, alternatively, by visiting your Birchall Blackburn Law local office to book an appointment.
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