Your executor’s duty is to make sure that your desires in your Will are carried out. Your executor will be responsible for:
- Locating your Will;
- Applying for Grant of Probate;
- Gathering your assets;
- Paying off your debts;
- Distributing your assets as per your Will;
- Carry out the wishes mentioned in your Will; and
- Prepare periodic Statement of Account
When your executor takes charge and/or control of your assets, he/she will also act as a trustee holding your assets in trust for your beneficiaries until the assets are fully distributed. Your trustee will also be subject to the responsibilities, duties, and obligations under the Trustee Act 1949.
