What are the responsibilities of executors and do I have to have one?
The Executors’ responsibility is to handle your estate when you have died. This will include paying off any debts, contacting beneficiaries, collecting and distributing assets and contacting various banks and building societies. If they distribute your assets incorrectly, or fail to pay any debts before distributing the assets, the Executor can be held personally liable for anyone who has suffered loss. It is very important to choose someone who is trustworthy, reliable and efficient. It is important that you appoint at least 1 Executor. It is always advised to appoint another to assist in the handling of your estate, and then appoint reserve Executors in the event that the first 2 are unable to act.
