Appointing an Executor

To ensure your wishes are carried out in accordance with your Will, you should appoint an executor, who will handle your affairs after you die. The role of the executor is one of considerable responsibility, so how do you choose a suitable executor for your estate?

You could talk to your lawyer, accountant or bank and ask whether they or their firm handle this type of work. Many legal firms have a division that specialises in this area however there will obviously be a charge for these services, which will be deducted from the proceeds of the estate.

You might wish to appoint either a Public Trustee or Private Trustee Company. These types of organisations in estate planning and administering deceased estates. They usually charge a fee based on a percentage of the value of your estate.

You might appoint a trusted friend who has both the time and the necessary skills to undertake the task of executor. If you decide to appoint a friend, you should always talk to them first and ask their permission and tell them what you want done.

You can appoint either your spouse or another family member to be the executor of your estate (this is often the most commonly used option). However such an appointment can lead to family disagreements or hard feelings. Certain family members may feel that the executor did not act impartially and was unfair in his or her actions. Even if the executor disagrees with the provisions in your Will (for example your decision to disinherit someone), the executor is legally bound to carry out your wishes.

Whom you appoint depends on the complexity of your affairs and your estate. In many cases a spouse or family member will be able to carry out the task, however it is best to make sure that this person has all the information required about the role they will one day undertake.