Will Executor Services
What does an executor do?

When someone writes their will, they have to choose an executor. The executor is then responsible for making sure the person’s final wishes are carried out after they die.

Appointing Sentry Commercial as your Estate Executor provides hassle free, peace of mind for those you leave behind at a time when they should be allowed to focus on your loss. Sentry’s role as executor can also provide impartial, independant, and committed conduct based on your Will’s instructions. An executor’s role begins as soon as the person has passed away. The Executor’s first job is to find the person’s original will and arrange the funeral.

It’s then their appointed responsibility to administer the person’s estate which includes realising the values of all of the person’s assets and liabilities, such as their property and belongings that have value, such as a house, car, shares, and investments. Their liabilities consist of any money they may owe, such as a mortgage or a loan.

Some of the other tasks that the
executor usually needs to do include:
  • NApplying for a death certificate
  • NApplying for a grant of probate
  • NFinding and contacting the beneficiaries (people were named in the decendent’s will), including anyone interstate or overseas
  • NProtecting the person’s assets. You need to make sure the assets are safe so that they can be given out as the person wanted them to be. This might include taking out insurance or making an inventory
  • NProviding death notifications to the Australian Tax Office, Centrelink, and banks
  • NPaying any outstanding bills and debts from estate funds and arranging to have assets valued
  • NLodging tax returns if needed
  • NClaiming life insurance and superannuation
  • NSetting up trusts and administering them, if that is part of the instructions in the will. A trust might be set up to look after and protect assets for a child until they reach a certain age
  • NDealing with any real estate that is part of the estate, including getting the property ready for sale
  • NDealing with any real estate that is part of the estate, including getting the property ready for sale
  • NProviding a full accounting of your administration of the estate to beneficiaries
  • NDefending the estate against legal action
  • NResolving disputes between beneficiaries
You can choose to administer the estate yourself
or ask a trustee company, like us, to administer
the estate for you.