Choosing an Executor: What You Should Know

An executor, also known as a personal representative, or “PR,” is the individual named in the legal will who was chosen to distribute the estate and assets of the deceased person. The duties of an executor can vary widely, depending on the complexity of the estate being dealt with and the wishes of the deceased party. Sometimes the executor even handles the funeral arrangements.

The first thing the executor does is after opening the case with the probate court is to collect and take inventory of the deceased individual's property.

Next, financial matters such as the payment of the deceased's taxes and debts are handled.

Finally, the deceased's estate is distributed by the executor according to the terms detailed in the legal will.

At times disputes may occur, and in such a case a qualified legal professional can handle any complexities or answer any difficult questions that may arise.

Often an executor will choose to employ a legal firm to help handle the more complex issues when dealing with a large estate with multiple and potentially complicated distribution of assets. Even when this happens, the executor is still a large part of the estate distribution process.

Executors receive compensation for their expenses out of the estate, so there is no financial burden incurred in being an executor.

An executor can be a trusted friend or family member. Or, you may want to choose a legal professional to be your executor. Your executor should be a trustworthy, knowledgeable individual that you feel comfortable entrusting your estate to for distribution to your dependents.

The Internet is a valuable resource in your search for information on appointing a UK executor in your will. Whatever you decide, make sure it is what feels right for you and your loved ones.

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