What is an Executor?
A: Your Executors are the people who will deal with your estate after your death. They will collect and value your assets, settle any debts and discharge any inheritance tax payable, distribute any specific legacies (such as personal belongings) or money gifts you have left then distribute the remainder of your estate (the residue) in accordance with your Will.
We recommend that you appoint at least two Executors in case one of them is unable to act for any reason. This can be your spouse, any relative or friend and/or a professional Executor such as firm of Solicitors.
The role of your Executors will extend to holding monies as Trustees for any beneficiaries who are under 18 at the date of your death until they are old enough to receive the gift you leave them in your Will.