Being an executor can be a stressful, time-consuming and sometimes difficult job. And it’s probably on top of your day-job, family and other pressures too. Consider these tips and keep your sanity.
Don’t do everything yourself
Being an executor doesn’t mean you (personally) have to do everything. Even in a straightforward estate, you may choose to engage professionals to help and save you time.
Most tasks are not urgent
There are a few things to do promptly; however the executor’s tasks are generally not urgent.
It will take several weeks to gather the necessary information before you can apply for a Grant of Probate. The Court will take a month or two to respond to your Probate application. Thereafter, if the estate is straightforward, you should aim to finalise it within 12 months. There is no rush. Take time and take advice to ensure you are fully informed and make the right decisions.
Communicate clearly and regularly
Start by knowing who gets a copy of the Will.
A lot of problems arise, and money is wasted on legal costs, when executors go off-the-airwaves. Being an effective executor requires you to communicate regularly and accurately with the beneficiaries. You may need to put your personal feelings aside. It is important to keep the lines of communication open.