If you are writing your will, there are some key people you need to nominate to act in the event of your death.

When a person dies their “executors” (if the deceased left a will) or “administrators” (where there is no will) have the task of dealing with the deceased’s estate. The process of dealing with the estate is referred to as “probate” or “administration”, where there is no will.

Executors and administrators normally have to apply for a “grant of probate” (if the deceased left a will) or “letters of administration” (where there is no will) before they can deal with the deceased’s estate. A grant of probate or letters of administration gives the executors or administrators the legal authority to deal with the deceased’s estate and allow them to sell the deceased’s property, for example.  This is a hands on role and for those of us living in the developing world or regimes with unfamiliar legal processes, it could be a professional executor may be required to navigate the paperwork of your demise and legacy.

If executors are the administrators of your estates, your nominated trustees will manage your financial legacy.  They will make decisions about your wealth and investments.  Whilst they can be the same people as your executors, if your estate is complex and there are large trusts involved it would be wise to appoint professionals.

You can also use your will to appoint guardians for your children.  This can be a difficult decision for international families – where and how do you want your children raised in the event of your untimely death?

Deciding who should act on your behalf in the event of your death is a difficult decision and deserves careful consideration as well as consultation with anyone whom you are considering appointing.   Wills World Wide can offer advice and recommend professional partners to ensure your wishes are carried out after your death.