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NSW Appointing an Executor of WIll

Discussion in 'Wills and Estate Planning Law Forum' started by Milton, 5 March 2016.

  1. Milton

    Milton Active Member

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    Hi.

    I am currently creating a will, but have no relatives in Australia where I live. My closest younger relative is a nephew in the UK and I will be leaving most of my estate to him. Ideally, he would be my executor of will, but I have read that it would be very difficult for him to do that job remotely from the UK.

    I have a younger friend here who is willing to help but I am very loathe to dump the ramifications of my death on her. Ideally, I would like her to be an on the spot helper for my nephew. I thought joint executors might be good but read that this could also prove difficult.

    My other avenue is to appoint a solicitor to be the executor but I read that this could be very costly in comparison.

    Has anyone else been in a similar situation or can anyone help?
     
  2. Tim W

    Tim W Lawyer

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  3. Milton

    Milton Active Member

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    How would this solve any of the issues outlined above?
     
  4. winston wolf

    winston wolf Well-Known Member

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    Did you go to the link Tim provided?
     
  5. Milton

    Milton Active Member

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    The link seems to be about children and dependents and family provisions. This is not what my issues are about.
     
  6. winston wolf

    winston wolf Well-Known Member

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    Works for me?
    They can write and or administer your will.
    Many have issues with using public trustees in all states as they tend to be slow and bureaucratic as you would expect from a government organization. But they normally get the job done eventually.

    From the link
    NSW Trustee & Guardian offers three easy ways to make your Will.
     
  7. Milton

    Milton Active Member

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    Thanks - I have had a chat with NSW Trustee - will keep them in mind - for an estate of circa 500K their charges would be circa 10K.
     

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