An executor is the person that has been nominated under the will to ensure that the wishes of the testator is carried out and to protect the assets of the estate. The duties of an executor can be complex and can at times require the assistance of a lawyer.
The main duties of an executor would be to:
- apply to the Supreme Court for a grant of probate of the will;
- determine who the beneficiaries are under the will;
- collection the estate assets;
- pay all debts and claims if substantiated;
- distribute assets according to the will;
- managing of trusts created under the will;
- preparation and management of accounts;
- preparing and lodging tax returns