Executor Responsibilities UK

Being named as an executor is a significant responsibility. This guide covers your duties, powers, and potential liabilities.

Key responsibilities

• Locating and valuing all assets
• Applying for probate
• Paying debts and taxes
• Distributing assets to beneficiaries
• Keeping accurate records

Your powers

• Access to the deceased's bank accounts and financial information
• Authority to sell property and assets
• Right to hire professionals (solicitors, accountants)

Potential liabilities

Executors can be held personally liable for mistakes, including distributing assets before all debts are paid or failing to follow the terms of the will.