Executor of a Will: Complete Guide to Legal Requirements
Being named as an executor of a will is both an honor and a significant responsibility. At Arcuri Turnbull Law, we've guided hundreds of executors through Queensland's complex estate administration process, helping them navigate legal obligations while honoring their loved one's final wishes.
This guide explains everything from an executor's core duties to how to handle challenging situations, providing the clarity you need during this important role.
What Does an Executor of a Will Actually Do?
Recent data from Queensland Courts reveals:
73% of executors are family members with no legal experience
Estate disputes have increased by 42% in the past decade
The average estate takes 9-18 months to fully administer
68% of executors report the role being more complex than expected
"Many well-meaning executors unknowingly make costly mistakes," says Sophia Arcuri, Principal at Arcuri Turnbull Law. "Understanding your duties from the outset prevents stressful situations later."
Key Responsibilities of an Executor
1. Immediate Tasks (0-3 Months)
Locate and secure the original will
Arrange the funeral (if specified)
Notify relevant institutions
Protect estate assets
2. Administrative Duties (1-6 Months)
Apply for probate if required
Collect and value assets
Pay outstanding debts
Manage property and investments
3. Distribution Phase (6-18 Months)
Prepare final accounts
Resolve any disputes
Distribute assets to beneficiaries
Obtain releases from beneficiaries
Learn more about executor obligations in the Queensland Government's executor guide.
Common Challenges Executors Face
1. Family Disputes
Contesting the will's validity
Disagreements over asset distribution
Emotional tensions between beneficiaries
2. Complex Assets
Business interests
Overseas properties
Cryptocurrency holdings
3. Tax & Legal Issues
Capital gains events
Superannuation complexities
Foreign tax obligations
State Trustees research shows these issues delay 43% of estate administrations.
When Can an Executor Be Removed?
Under Queensland law, courts may remove an executor for:
Failing to act promptly
Conflicts of interest
Poor financial management
Hostility toward beneficiaries
Our detailed guide explains how to remove an executor of a will when necessary.
Executor's Legal Liability: What You Need to Know
Potential Risks
Personal liability for mistakes
Lawsuits from beneficiaries
Tax penalties for errors
Protection Strategies
Obtain professional valuations
Keep meticulous records
Consult specialists when needed
Consider executor insurance
Step-by-Step: The Executor's Timeline
Month 1-3
Register the death
Secure property and valuables
Notify banks and government agencies
Place statutory notices
Month 4-6
Apply for probate if required
Collect all assets
Pay urgent debts
Arrange property valuations
Month 7-12
Finalize tax matters
Resolve any claims
Prepare distribution plan
Obtain tax clearance
Month 13-18
Distribute remaining assets
Obtain beneficiary releases
Close estate accounts
File final paperwork
Professional Help Worth Considering
1. Probate Lawyers
Document preparation
Court applications
Legal advice
2. Accountants
Tax filings
Capital gains calculations
Financial reporting
3. Property Agents
Real estate valuations
Sales management
Rental oversight
Legal Aid WAÂ confirms professional assistance reduces executor stress by 68%.
Case Study: Brisbane Estate Administration
Challenge:
$3.5 million estate with 7 beneficiaries
Overseas property assets
Two contesting family members
Our Approach:
Obtained urgent court orders to protect assets
Engaged international valuation experts
Mediated family dispute successfully
Result:
Estate settled in 14 months
All beneficiaries satisfied
Minimized tax liabilities
Executor Fees: What's Reasonable in QLD?
Professional Executors
Typically, 2-5% of estate value
Hourly rates for specific tasks
Court-approved scales
Family Executors
May claim "commission" (usually 1-3%)
Must be reasonable
Requires beneficiary agreement
Digital Assets: The Modern Executor's Challenge
Today's executors must manage:
Online banking accounts
Social media profiles
Cryptocurrency wallets
Subscription services
"Digital asset clauses in wills have increased 300% since 2020," notes Arcuri. "Yet most executors don't know how to access them."
Why Choose Arcuri Turnbull for Executor Support?
25+ Years Estate Experience
Brisbane-Based Specialists
Fixed-Fee Services Available
Compassionate Approach
Take the Next Step with Confidence
Whether you're preparing to act as executor or currently navigating estate administration, Arcuri Turnbull Law provides the guidance you need. Explore our executor removal guide or schedule a consultation to discuss your specific situation.
