What does an executor do in Victoria?
An executor is the person named in a will to administer the estate — collecting the assets, paying debts and taxes, and distributing what's left to the beneficiaries. It carries legal responsibilities, and executors can be personally accountable for getting it right. Here's what's involved.
The main duties
Locating the will and assets, applying for probate if needed, paying the deceased's debts and any tax, keeping proper accounts, and distributing the estate according to the will.
Applying for probate
Where required, the executor applies to the Supreme Court of Victoria for a grant of probate before dealing with certain assets. There are steps such as advertising an intention to apply.
Getting the timing right
Executors need to be careful about distributing too early — there are periods during which certain claims can be made against an estate, so advice helps avoid personal liability.
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