Most people when thinking about their wills are very focused on what their assets are and passing on their assets to their beneficiaries. However, there is an important role in the whole administration process, that they should also consider and that is of the executor. The executor is the person that manages your assets after you die, and ensures that there is a smooth transition of your assets into the hands of your intended beneficiaries. An executor steps into your shoes for a short period of time (normally a year or so) and makes sure that your wishes as set out in your will are carried out. They deal with any solicitor appointed to manage your affairs, they communicate with your beneficiaries and they make decisions about your assets (for example if you have stipulated that an asset is to be sold). It is very important that, when making your will, you not only consider your beneficiaries but also who is to act as your executor.
For more information please reach out to us at info@kerrywills.ie