This is one of the most important decisions to make when writing a Will
Your Executor is a person or organisation (it could be a lawyer or a professional trustee like State Trustees) who will manage your estate and assets when you die and distribute them according to your wishes. They are responsible for impartially carrying out the directions you give in your Will.
Who should I choose as my Executor?
Someone you trust with the skills, time, willingness and availability to administer complex legal and financial affairs.
Some people choose a family member or a close friend to act as their Executor. Although this is often seen as an honour, it can be a difficult and stressful task, especially if there is potential for family dispute.
Things to consider
- You should ensure the person you choose to be your Executor has the skills and time for it. Choosing a trustee company (like State Trustees) gives you an independent, impartial Executor with an immense amount of experience in this area.
- An Executor’s job is to take control and carry out your wishes. You need to be able to trust that they will ensure the right people get what they should.
- Your Executor needs to comfortably be able to deal with a range of people including lawyers, banks and your family. They might also need to deal with disputes between beneficiaries or claims being made against your estate.
- Choosing an Executor that is older or unwell is not always a good choice as they need to carry out their responsibilities after you die. This may not be beneficial if you have children that may not benefit for some years.
- Sometimes the task of being an Executor can be daunting and time-consuming. Executor assistance from State Trustees can be beneficial. Your Executor retains the role and we assists with tasks as directed by the Executor. Fees are charged to the Executor for service and can be reimbursed from the estate.
- Ask your desired Executor if they are willing to take on the role. Sometimes being nominated as an Executor comes with great responsibility and takes a substantial amount of time, including having to make legal and commercial decisions and resolve disputes.
How we can help you
State Trustees can be the impartial voice at an emotional time. When you appoint us as the Executor of an estate, we’ll manage everything so you can be sure the estate is handled professionally and with a minimum fuss.
Nominate us as your Executor
- We can take the pressure away during a difficult time.
- State Trustees offers convenient end-to-end estate administration and acts impartially at all times with a focus on carrying out your final wishes.
- We use our experience to get the best outcome for your estate.
- We will handle all outstanding debts and estate administration costs.
Contact us for an obligation-free discussion to gather advice on choosing an Executor or to understand how our services can benefit your estate. Call 1300 138 672.
We're here to help you every step of the way
Give us a call at 1300 138 672 or fill in the form to enquire about our services