Understanding the Role of an Executor The role of an executor is an important and often misunderstood aspect of estate administration in Queensland. As an executor, you are entrusted with the responsibility of managing the deceased's estate, ensuring all debts are paid, and distributing the remaining assets to the beneficiaries as per the will. Being an executor is not a simple task. It requires a good understanding of financial matters, legal procedures, and the ability to deal with potential conflicts among beneficiaries. It is, therefore, crucial to understand your obligations as an executor before taking up the role. Key Responsibilities of an Executor Probate Application The first step in fulfilling your executor duties is the application for a Grant of Probate. This is a legal document that gives you the authority to manage the estate. In Queensland, this application must be lodged with the Supreme Court. Asset Management Once you have obtained the Grant of Probate, you are...
Law firm based in Brisbane. We do conveyancing, wills, trusts, probates, commercial law, family law.