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Who are Executors and what are their responsibilities?

An executor is a person the deceased wished to deal with the administration of their estate after their death. It is your Executor’s responsibility to:

  • determine what property and other assets you owned, as well as your liabilities.

  • arrange for current valuations of your personal possessions, property, investments, any pension or insurance entitlements due and also any debts and bills

  • arrange for the payment of your funeral

  • establish Income Tax, Capital Gains Tax and Inheritance Tax liabilities and complete the necessary tax returns to submit to the Revenue

  • complete and submit the necessary Probate Registry forms

  • arrange the clearance and sale of any property

  • collect assets and pay any debts

  • arrange for the distribution of legacies and gifts to your beneficiaries

  • compile detailed accounts to give to the main beneficiaries

  • in the case of minor children being beneficiaries, then your Executor may act as Trustee for ongoing trusts, to hold their monies until they reach 18.

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