Steps to claiming an executor’s commission
Being named in a relative or friend’s will as an executor is a decision that should be considered carefully, both by the testator and the proposed executor.
When accepted, the role makes you responsible to administer the estate of the deceased as wished by them through the terms of their will and the Succession Act (Qld) 1981.
While many people are happy to take on this role, it is one that requires substantial work, and you as the executor could be held personally liable if something goes wrong with the administration of the estate.
During the…
