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Your Will, your legacy: who are my executors and what do they do?

1 January 2021 | 1 minute watch

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Your Will, your legacy: who are my executors and what do they do?
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Your Will, your legacy: who are my executors and what do they do?

​​​Note: We have provided a transcript of the video if you are unable to listen to the audio. This transcript is generated using a combination of speech recognition software and human transcribers and may contain errors.

Your executors are those people who you appoint under your will to manage your estate once you're gone. They will collect in your assets, pay off your debts, settle any tax that's due, and then distribute your estate in accordance with your wishes. The role of an executor can be quite burdensome, particularly when the estate is large, complex, or contains foreign assets. And therefore, many of our clients choose to appoint professional executors or a combination of professional and non-professional executors, to ensure the effective administration of their estate. A will may appoint different executors for different assets. This is quite common when dealing with foreign assets in continental Europe, for example. Similarly, it may be advisable to appoint different executors to deal with business assets or a literary estate, because they'll need to deploy particular technical expertise when dealing with those kinds of assets.

Your executors are those people who you appoint under your will to manage your estate once you are gone. They will collect in your assets, pay off your debts, settle any tax due and then distribute your estate in accordance with your wishes.

The role of executor can be quite burdensome, particularly when the estate is large or complex, and therefore many of our clients choose to appoint professional executors (or a combination of professional and non-professional executors) in order to ensure the effective administration of their estate.

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​​​Note: We have provided a transcript of the video if you are unable to listen to the audio. This transcript is generated using a combination of speech recognition software and human transcribers and may contain errors.

Your executors are those people who you appoint under your will to manage your estate once you're gone. They will collect in your assets, pay off your debts, settle any tax that's due, and then distribute your estate in accordance with your wishes. The role of an executor can be quite burdensome, particularly when the estate is large, complex, or contains foreign assets. And therefore, many of our clients choose to appoint professional executors or a combination of professional and non-professional executors, to ensure the effective administration of their estate. A will may appoint different executors for different assets. This is quite common when dealing with foreign assets in continental Europe, for example. Similarly, it may be advisable to appoint different executors to deal with business assets or a literary estate, because they'll need to deploy particular technical expertise when dealing with those kinds of assets.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.

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