Lilly Whale: Executors' 'formidable task' explained

Being selected to be an executor may appear to be a formidable task. It can require a large amount of work, and at times may seem overly complicated and time-consuming. This article is designed to give you some idea of an executor's duties and the major pitfall of not complying with the responsibilities that the role entails. What is an executor and what do they do? An executor is responsible for gathering together the details of an estate, settling any expenses, debts and inheritance tax (IHT) and then distributing the balance in accordance with the deceased's wishes. The executor ...