What do the Executors have to do?

 

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5. What do the Executors have to do?

They are responsible for administering your estate and carrying out the terms of your Will.  They will firstly need to obtain a Grant of Probate of your Will,  count up the assets in your estate, pay any debts, Inheritance Tax or other taxes and expenses and then distribute the balance to the beneficiaries named in your Will.

Normally your Executors will be the Trustees of any trusts created in your Will e.g if there are children under 18 or the age specified in the Will, their share will be held by the trustees.  In order that the trustees and executors can deal properly and efficiently with matters, you will need to include a range of extra powers in your Will