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Who are Executors?

EXECUTORS
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Who are Executors?

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Executors are the people who you want to sort out your estate and carry out your wishes you have put in your Will. They will have to collect together all the assets of the estate, deal with all the paperwork and pay all the debts, taxes, funeral and administration costs out of money in the estate. They will need to pay out the gifts and transfer any property to beneficiaries. You can appoint friends or family or professionals, for example your accountant or a bank, although professionals are likely to charge. Whoever you want to act you should ask them first to make sure they agree. If someone is appointed who is not willing to be an executor, they have a right to refuse. You can have between one and four Executors. If you only decide on one Executor it is good practice to at least appoint a substitute in case something happens to your original choice before you die.

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