It is crucial for executors to read and understand the will makers wishes as set out in the will.

The will often includes specific instructions and conditions related to the management and distribution of the estate and executors must be aware of these details. It’s important to get legal advice around the contents of any will you are administering as ignoring or misinterpreting instructions can lead to legal complications, delays, and potential financial losses for the estate.

Understanding the will helps executors identify all assets and liabilities which will assist with the accurate valuation, management, and distribution of the estate’s assets. It also aids in addressing any outstanding debts or obligations in a timely and efficient manner.

A clear understanding of the will enables executors to communicate effectively with beneficiaries, legal advisors, and financial institutions. This fosters trust and cooperation which helps estate management operate more efficiently and avoids potential disputes.

We highly recommend executors receive legal advice to ensure they fully understand what is outlined in the will.