When it comes to managing an estate and appointing an executor, you have two options: you can choose an individual (either a family member or friend) or a professional trustee company, such as AET.

Before selecting the executor of your estate, you need to fully understand what the role entails. The executor is responsible for administering your entire estate – from identifying, managing and protecting all assets to paying debts – until the process is complete.

Being an executor means taking on fiduciary obligations, which carry the risk of personal liability if administration errors are made. The executor will be performing this complex and challenging role at a potentially difficult and emotional time.