As part of the process on our will writing app you are requested to name an executor of your Will in the event of your death. An executor is the person who arranges for the wishes detailed in your will to be carried out. You can choose whoever you want to be your executor but is something that it is important to get right.
What jobs does an executor do?
When you die with a will in placed, the named executor of the will follows the instructions you have left to divide up your estate. Being an executor can be a difficult job, even if the instructions that have ben left are relatively straightforward. The process can take months to complete and in some cases, even longer. There are a number of factors that can make an executors jobs difficult. Excluding any family politics some of the most common difficulties that are faced include making sure the right amount of tax is paid (be it inheritance tax, capital gains or income tax) and other tasks like choosing the right time to sell a property so the proceeds can be divided up between the beneficiaries.
Who can be an executor?
The primary attribute to look for when choosing an executor is trustworthiness. Sorting out a will can be difficult in both the amount of time it takes and any complexities that may arise. Quite frequently they will be put in the middle of any disagreements that may occur as a result of your wishes. It would also be useful if your executor has any experience in managing paperwork and legal jargon. You can also name multiple people as executor on your will who can then divide the work up between them based on their individual skillsets and strengths.
Using a family member as an executor
Many people decide to use a family member as their executor and, if you have a responsible and trustworthy family member this can be a great solution. It is important to ask whether they would be happy to be named as an executor as if they say no then the will will need to be changed. People rarely choose their partner as an executor as you death will already be a difficult time for them without the added burden of the legalities and paperwork associated with being an executor.
In some cases, choosing a family member as your executor is not possible or a sensible thing to do. In these cases you must find someone outside of your family to perform this action. Solicitors, banks and accountants can all act as your will executor and can be a good choice if you have a particularly complex will, be it legally or financially complicated. You can even name Smart Will as the executor of your will. We have years of experience in dealing with people’s estates and can ensure that your wishes are followed and your loved ones are properly looked after once you pass away. Once you get to the section of our online will writing system where you name you preferred executor and choose Smart Will and we will take care of the rest.
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