Who should be the executor of my Will?
When you make your Will with Goodman Law, you will need to decide who will be your executor. The executor is the person you rely on to manage the administration of your estate according to your Will. It is common that a spouse or partner is appointed to fulfil this role. However, here are some questions you may wish to review when thinking about the right executor for your estate:• Is the person over 18 years of age?
• Do you trust them?
• Are they capable of implementing decisions and going through a process? It is important that they are capable of understanding your wishes and implementing them completely.
• Would you prefer one executor? Some Wills are made with more than one executor.
• Under normal circumstances, is it likely that this person will outlive you? It is preferable that an executor is not older than you.
• Given best judgement at this time, is it likely that your executor will be living in Australia, and even in your state? This will minimise delays in the administration of your estate.
When you have chosen your executor/s and thought about your Will, please give us a call. The solicitors at Goodman Law can guide you through any questions you may have and assist your executors at the time that they are needed. Please call us on 02 6206 9900 or email.
Have a look at our page on Wills and Probate.