In England, an executor is the person legally responsible for carrying out the instructions in a deceased person's will and managing their "estate"—which includes money, property, and possessions. Core Responsibilities The executor’s role typically follows a sequence of legal and administrative steps: Initial Actions: Registering the death (usually within 5 days), locating the original will, and making funeral arrangements. Valuing the Estate: Identifying all assets (bank accounts, property, investments) and liabilities (debts, loans, utility bills) to calculate the estate's total value. Paying Inheritance Tax (IHT): Reporting the estate's value to HM Revenue and Customs (HMRC) and paying any IHT due. In 2026, executors must still prioritize this, as probate is usually not granted until IHT is settled. Applying for Probate: Obtaining a Grant of Probate, which is the legal document giving the executor authority to deal with the assets. This is often required for estates over £10,000 or

Explore the fundamentals of trusts, their types, benefits, and actionable steps to set one up. A valuable guide for effective estate planning.