5 Reasons to Choose a Professional Executor Service
If you’re leaning towards going down the professional estate administration route but require a little extra convincing, here are five reasons to appoint a professional trust company or a professional executor service to get the job done.
1. You may not have anyone in mind for the role
Selecting an executor can be challenging. It’s important to find someone with the availability, temperament and capability to carry out the role effectively.
Moreover, navigating potential family conflicts, such as discord among adult children, adds another layer of complexity.
To mitigate the risk of further conflict, opting for a neutral individual to fulfil the role is often the best choice.
2. You may have a complex family structure
Modern family structures vary widely, and not everyone fits into the traditional nuclear family mould. Your family dynamics might be more intricate, involving step-children, co-parenting with ex-partners, or close relationships with extended family members who feel like siblings.
Additionally, you may have vulnerable beneficiaries, such as individuals living with disabilities, mental health conditions, or susceptibility to financial exploitation.
In such cases, relying solely on one sibling to handle all executorial duties may not ensure a fair outcome for everyone involved.
Professionals are adept at recognising and addressing the unique needs of diverse family arrangements.
They can provide ongoing support and impartial decision-making, ensuring a fair and equitable outcome for all beneficiaries – including those with vulnerabilities.
3. This is our bread and butter
At Willed, we excel in everything legal-related. (Bit of a flex, there.) From arranging Letters of Administration to ensuring the legal validity of Wills – it's not just our specialty; it’s our daily expertise! Our team of seasoned professionals has assisted countless Australians with their Wills – like, enough to fill a stadium.
So, when you entrust us with your Will, rest assured it’s in super capable hands. Our lawyers prioritise the well-being of all beneficiaries, diligently safeguarding your wishes every step of the way. Know that with Willed, your estate matters are handled with precision and care.
4. We don’t play favourites
Alongside dealing with all the *serious paperwork stuff*, executors have to manage the interests of a whole bunch of people. In some cases, this can cause family conflict. One way to avoid this and any bias is to appoint a neutral executor like a professional executor service.
5. Alleviate future stress
Losing someone you love is incredibly difficult. If you have been named as an executor, or you are writing your Will and are thinking about who to appoint as your executor, know that it will be hard for the executor to manage daily life, with their grief on top of the extra responsibility and time pressures that administering an estate will bring to the table. Outsource is the keyword we’re looking for here, and we couldn’t recommend it enough.
Wrap up
Accepting help from professional executor services for handling the important job of managing a deceased person's estate ensures that it’s in capable hands.
These professionals know the legal duties, understand the process well, and act fairly because they don't have a personal interest in the Will.
It also saves the person who might have been named as the executor from losing time, experiencing more sadness, and feeling the burden of extra stress.
Ready to get started? We’ve partnered with Australian Unity to offer professional executor services. Contact us today to learn more.
Disclaimer: The content of this blog is intended to provide a general guide to the subject matter. This blog should not be relied upon as legal, financial, accounting or tax advice.
