Executor services

What is an Executor?

Your Executor is responsible for administering your estate once you die. It’s an important role that requires a variety of skills.

Duties of an Executor may include collecting assets, paying the debts of the estate, preparing tax returns and distributing the estate.

Considerations when nominating your Executor

Choosing the Executor of your Will is almost as important as the Will itself. Some things to consider:

  • Does your Executor have the necessary skills and are they willing and able to administer your estate?
  • If you appoint a family member or loved one as your Executor, you may place an extra burden on them at a time of stress, grief and loss.
  • If it’s likely your choice of Executor may result in conflict between them and your beneficiaries, it’s wise to appoint an independent Executor.
  • If something goes wrong with the administration of your estate, your Executor may be personally liable for it.
  • Will your Executor be there when needed?

Benefits of appointing the Public Trustee as your Executor

  • We offer independent impartial advice
  • We are experienced in administering deceased estates
  • We charge a competitive fee for service not a percentage to finalise your estate
  • We are skilled in managing deceased estates during times of grief and family conflict.

The Public Trustee can also be appointed to administer an estate when:

  • the Executor renounces their appointment
  • the Executor is not a resident in Queensland, has died or is not able to act
  • there is no Will and the Public Trustee is requested to do so by the next of kin.

Duties of an executor may include collecting assets, paying the debts of the estate, preparing tax returns and distributing the estate.

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Last published: 20/05/2019 1:21:05 AM