Being named as an executor of a will means that some one close to you trusted you enough to manage their affairs in the event of their death.
As an executor of a will you have certain roles a responsibilities that the deceased may or may not have understood at the time of naming you. A part from being a privilege and a sign that you were trusted, being named executor of a will comes with executor duties and responsibilities. The responsibilities are best summed up as this.
The deceased has trusted you to execute your powers to the benefit of the estate. In order to make sure the wishes laid out in his or her will are followed as closely as possible we work on behalf of the beneficiaries to ensure the distribution of the estate is in line with the wishes of the deceased.
This can sometimes be easier said than done. As executor you have certain powers over the estate, but its important to remember that you are ultimately responsible to the beneficiaries and at some point will have you actions scrutinised by them.
As an executor of a will you are free to appoint anyone you deem fit to help you. This can take the form of a solicitor, appraiser, counsellor or advisor in order to help you carry out your role effectively.
If you appoint a solicitor for example it is possible to pass some of your responsibilities on to them and they will be liable for any advice given or actions undertaken. If you choose to appoint non regulated professionals then this may not be the case and you could still be liable for any work they undertake.