Before you choose your executor
A decision making guide
When someone dies in Australia, their will names an executor – a trusted person responsible for carrying out their final wishes and managing the estate.
While it’s considered an honour to be asked, being an executor is also a significant responsibility. That’s why it’s important to understand what’s involved – and what can make the process easier for everyone
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What is the Role of an Executor?
At a high level, an executor is legally responsible for administering the deceased’s estate.
This includes:
- Locating the will and applying for probate (if required)
- Identifying assets and liabilities, including bank accounts, superannuation, loans, and digital subscriptions
- Settling outstanding debts
- Distributing assets to beneficiaries
- Finalising tax matters
- Managing admin tasks like notifying organisations and closing accounts
Depending on the complexity of the estate, the process can take months – sometimes more than a year.
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Why a Letter of Wishes Matters
The first thing an executor often needs is probate—a legal process that requires a clear list of assets and liabilities. But this kind of information is dynamic—bank accounts change, debts are paid off, new subscriptions are added. And because a will is a static legal document, it’s not the place to record details that change over time.
On top of that, a will rarely includes the practical information an executor needs to carry out their duties. Tracking it all down can take hundreds of hours—time a BillWill Letter of Wishes can save. For example:
- Account details for bank, email, or super
- Bills and subscriptions to cancel
- Digital assets like cloud storage or social media
- Wishes for funeral or sentimental belongings
- Who to notify—from close friends to key organisations
How a Letter of Wishes works
Capture Your Wishes
Answer simple, intuitive prompts to create a personalised letter of wishes that reflects your life, values, and priorities. Include details like bills, bank accounts, and your digital footprint.
Keep It Updated
Easily update your Letter of Wishes as life changes. Focus on what’s new or different, or connect via Open Banking for automatic updates to bills, accounts, and assets.
Share When It Matters
Your Letter of Wishes is securely shared with your legacy contacts when needed, offering clear guidance and easing the burden on loved ones.
