NSW Trustee and Guardian will be appointed as executor in a Will only if that is the customer’s wish. We can hand over the role of executor should we choose to do so. An executor can apply to the NSW Supreme Court for compensation for the time and effort involved with administering an estate. This kind of payment is called commission, and is paid from the estate.
Generally, if there is more than one executor or administrator, they will make a joint applications for commission. The Duties of an Executor when the deceased estate is located in NSW An Executor is someone who has been appointed by the Willmaker (also known as the Testator) to carry out the directions that have been laid out within the Will and administer the Estate. The Executor can be an individual person or a trustee company.
What are the duties of an executor of a will in NSW? What is the nature of joint executors? Can a joint executor of a will be appointed? Do joint executors work together? If those executors have all been appointed to act jointly , that means that all the executors must agree with one another, and each of the executors will be required to sign all of the estate documents.
This may become a problem for the estate when the joint executors live quite far apart from one another, or in the event that the joint executors are not able to work together and agree on certain tasks, which may make it difficult to administer the estate in a timely and efficient manner.
