What is an executor of a will and how do you appoint one
Choosing executors is one of the most significant aspects of making a will. We'll go through who can be an executor, what they do, and why they're so crucial in this section.
Matthew Ridyard
12 December 2022
What is a will executor?
An executor of a will is someone you choose to carry out the instructions of your will. They might be a friend, a family member, or a professional (like Simpwill’s professional executor service) . The most essential thing is that they are confident and comfortable with administering your estate.
What are my executors responsible for once I die?
The first thing your executors need to do is locate your will, so make sure you inform them where you keep it once you've printed and signed it in the presence of two witnesses. If probate is required, they will be responsible for filing for it so that they can carry out your desires as stated in your will.
Your executors are also in charge of managing your estate. This may entail shutting your bank accounts, paying off any debts, and selling or transferring property so that everything may be distributed to your beneficiaries. Alternatively, your executors might hire a professional to undertake estate administration on their behalf.
What authority do the executors of my estate have?
Executors are allowed some rights under English and Welsh law, but it is usual for solicitors and will writers to insert extra provisions in the wills they issue.
When I create a will, how many executors do I need to name?
You must name at least one executor in your will, but you may choose up to four persons or professionals. It is advised that you designate at least two executors from your circle of friends and relatives. This is because solo executors are subject to limits that professionals are not.
Is it possible for an executor to also be a beneficiary of my estate?
Yes, as long as they are over the age of 18, any of your beneficiaries can act as your executor. This is important if you're dividing your inheritance among your children and wish to appoint your eldest child as executor.
Two things to consider before naming executors of your will
1. The quantity of work required
The first consideration when selecting executors is the quantity of work involved. If your estate is modest and does not necessitate the sale of any property, a financially skilled friend or family member may be willing to serve as executor. However, if the case is more complicated and necessitates the sale and distribution of property, a professional executor service may be preferable.
2. How they will feel once you die
Another factor to consider is if the personnel you pick will want to deal with your estate. Being an executor of a will might feel like an undesirable burden to some individuals, especially when dealing with bereavement and preparing your funeral, so keep this in mind when naming executors in your will.
How to Name Executors in Your Will
Appointing executors is simple when you use our online will writing service. You can pick between friends, family, Simpwil’s Professional Executor services, or a mix of all three in just a few clicks.
After you've completed your will, our specialists will review it within 5 days to ensure that your desires are clear. Then you'll be able to print it, sign it in the presence of two witnesses, and store it somewhere secure, knowing that your estate will be in excellent hands once you're gone.