What is an Executor?
You must to appoint a person or persons to administer your estate when you die. It will be that person’s job to ascertain what you owned at the time of your death and then distribute those assets in accordance with the terms of your will. The executor can be a beneficiary of your will or some other person such as a friend or a member of your family.
It is important that your executor lives in the UK so do not choose someone who is normally resident abroad or is likely to move abroad in the foreseeable future.
If you intend to appoint a professional person such as a solicitor or accountant or a bank they may refuse to act as there will not be a provision in the will that they may be paid their fees from the estate.
If your estate includes land then you must appoint two executors, otherwise one will do.
A person under age 18 cannot act as an executor.
The most important concern when selecting Executors is that they should be reliable and trustworthy when carrying out your wishes. It is also desirable that at least one Executor should know the major beneficiaries personally. Often the best way is to appoint the person who stands to benefit most from your Will as one Executor, and another relative or close friend as the second Executor to assist or to take over should the first be unable to act.
Always check with your proposed Executors in advance to be certain they are willing to act.
Posted by Chris