What is an executor of an estate? What responsibilities do executros of a will have? Whait the first thing an executor of a will should do?

Probate is the process of legal recognition of a will. In order for a will to be Probated, an executor must be appointed. The executor is the person who is responsible for administering the estate. This includes collecting the assets of the deceased, paying debts and distributing the assets to the beneficiaries. In Western Australia, Probate applications must be lodged with the Supreme Court. The Probate Registry will issue a Grant of Probate which is then used to prove to banks and other institutions that the executor has the authority to administer the estate. The Probate process can be complex and it is advisable to seek legal advice before applying for Probate. Once Probate is granted, the executor can then start to administer the estate. This includes contacting creditors, distributing assets and preparing tax returns. The executor has a duty to act in the best interests of the beneficiaries and must keep accurate records throughout the administration of the estate. If you have been named as an executor in a will, it is important to seek legal advice as soon as possible so that you can understand your rights and obligations.