What is an Executor?

An executor is the person named in a will to carry out the wishes of someone who has died. Being named as an executor is a significant responsibility – this guide explains what the role involves.

Definition

An executor is legally responsible for administering the deceased's estate. This includes gathering assets, paying debts and taxes, and distributing what remains to the beneficiaries named in the will.

Key responsibilities

• Apply for and obtain probate
• Identify and value all assets
• Notify banks and financial institutions
• Pay any debts, taxes, and funeral expenses
• Distribute the estate according to the will
• Keep accurate records and accounts

Powers of an executor

Once probate is granted, an executor has broad legal powers including: selling property, cashing in investments, accessing bank accounts, settling debts, and transferring assets to beneficiaries. These powers come with responsibilities – you must act in the best interests of the estate.

Multiple executors

A will often names more than one executor. Joint executors must act together – all need to sign documents and agree on major decisions. If executors disagree, they may need to seek legal advice or ask the court to resolve the dispute.

Renouncing executorship

If you do not want to be an executor, you can renounce the role by completing a legal form before you take any action on the estate. Once you have started acting (intermeddling), you cannot renounce without court permission.

How SafeKept helps

SafeKept gives executors a clear dashboard to manage every task. Track your progress, notify institutions, store documents, and get guidance at every step.