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.