The death of a loved one or friend is something few of us want to contemplate, but if you’ve been named as executor in their Will, you are legally responsible for administering their estate.
While this may sound straightforward, winding up someone’s estate – even a spouse or parent – is anything but a simple task.
Dealing with all the paperwork and various organisations you need to contact (such as their bank, super fund/SMSF, insurance company and telco) can be confusing and difficult.
Even if you’re retired and have free time on your hands, it’s worth thinking carefully about the time and effort that will be involved before agreeing to being appointed as executor.
Join SuperGuide to continue
Boost your income in retirement, and make your super last longer
Join thousands of Australians who are enjoying a better retirement thanks to simple tips and strategies from independent experts.
- Interactive tools and calculators give you power to plan
- Step-by-step guides help you put plans into action
- Pension fund rankings reveal how funds are performing
- Tips and strategies to boost your income in retirement
- Comprehensive super and pension rules in plain language
- Newsletters and webinars keep you on top of the current rules
Leave a Reply
You must be logged in to post a comment.