What are executors?
One very important part of your Will is the naming of who you would like to act as your executor. Your executor is the person who will administer your Will after your death.
They can be anyone you choose, for example:
your husband, wife or partner
your son or daughter if over 18 at the time of your death
your brother or sister a close friend
a beneficiary in your Will
partners and legal representatives of this firm
As a courtesy, it is always best to ask the person whom you wish to appoint whether they are willing to act. The duties of an executor are varied and can be very time consuming. As a result, people
chosen to be executors, when called upon to act, often appoint a professional firm to help. The costs and expenses incurred by executors, including the professional firm’s fees, can be recouped from the estate.
What are Trustees?
Trustees are the people appointed in your Will to look after your property until for example, a child is old enough to
inherit or where there is a life interest (see ‘What does it mean if I give someone a ‘life interest’ in my Estate? page 41 of the free brochure below). Executors and Trustees are usually the same people.
