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What are an executor's responsibilites?
In general terms, an executer's duty is to take charge of the
deceased's assets and property, see that the funeral and administrative
expenses as well as debts and taxes are paid, and finally to distribute
the assets to the beneficiaries in accordance with the will.
You will have to begin by finding out and making a list of everything
the deceased owned or was entitled to. The list could include
home, car, money a bank or building society accounts, furniture,
household appliances, jewellery, share and other investments,
insurance policies, superannuation, and holiday pay from work.
In addition, if the estate is to be divided among several beneficiaries,
the assets may have to be valued.
Next you will have to apply to the Probate Registry of the Supreme
Court for a grant of probate. Probate is an order of the court
saying that the will is valid and that the executer has the right
to administer the estate.
When applying for probate you will need to complete a number
of forms which are prepared by your solicitor or are available
in blank form from a law stationer, you will also need documentary
evidence of death, proof of proper signing and attestation of
the will, and details of assets and liabilities, among other things.
Your solicitor can advise you in detail about the rights and
responsibilities of an executer and prepare and help you to complete
the forms needed to apply for probate.
Details supplied by Foulsham & Geddes, Solicitors
99 Elizabeth Street, Sydney. Tel: 02) 9232 8033
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