What is the duties of an Executor in a Will?

The duties of an Executor are:-

1. Locate the Will of the deceased.

2. Make funeral arrangement

3. Apply for the Grant of  Probate

4. Call in or collect Assets

5. Pay Debts

6. Prepare Statement of Accounts

7. Distribute assets according to the Will

8. Carry wishes mentioned in the Will (if any)

The selection of an Executor is very important. We need to select an Executor whom we can trust, able to carry the duties professionally. He must be trustworthy as he manages your estate before transfer the net assets to your beneficiaries.

Nowadays, many clients prefer a Trust Corporation to be appointed in a Will. As a Trust Corporation, it will not die, the work done is transparent, professionally handle by specialist.

A testator can appoint a maximum of 4 individual as Executors in a Will.


By,

Chong Mok Yong