The first important job that an executor will need to do is to apply for probate, assuming that it is required. Once probate has been granted, they will have a number of other duties that need to be carried out. These will need to be completed before they can step down as executor and return to their everyday lives.
One of the most important things to do is to arrange for the burial or cremation of the deceased. If the executor is not a family member; then they’ll need to speak to those left behind regarding the wishes of the deceased. Along with their own wishes too – to find out what needs to be done. It may be that the deceased left instructions in their will, or that they had a pre-paid funeral plan, and that would make the job easier for the executor.
The executor will also need to take control of the deceased’s assets, and collect debts owed to the estate. On the other hand, they’ll need to pay any debts that are owed by the estate to other creditors.
Finally, the last job of the executor is to distribute the assets of the deceased’s estate to the beneficiaries named within the will.
As you can see the the job of being an executor once probate is granted, is an important task. One that should not be taken lightly. For professional advice on the subject of Probate. Call us now on 0203 985 9554.
