Estimate how long it will take to undertake your role as Executor of a Will.
In general, the more Executors the longer it takes to execute a will as all Executors need to sign off on all the paperwork.
In general, the greater the number of beneficiaries the longer it takes as there are more people to be kept informed of the process.
If the will is challenged, executing the will takes significantly longer.
If any assets are held overseas it is likely that you will need to apply for Probate in that country or a re-seal of Probate granted by the NZ court to access those assets, depending on whether the country has a reciprocal agreement with NZ or not.
If there are any assets worth more than $15K in any one category, you will need to apply to the High Court for Probate to access these assets.
Note that this refers to the number of institutions the deceased had relationships with, not the number of accounts with each institution
If a property is to be sold it will need to be prepared for sale, an agent found, and conveyancing undertaken. After the sale, personal items eg furniture etc will need to be removed.
The calculations utilised by this web site are based on Public Trust’s research, our experience and our customer’s experiences. The information returned is intended to give you a general overview of the time taken to fulfill responsibilities as the executor of an estate and in no way constitute advice. Public Trust make no representations, express or implied, as to the accuracy, applicability and suitability of the calculator to your particular circumstances and the relevant estate. The calculator should be treated as a guide only. Public Trust accepts no responsibility or liability (under contract, tort or otherwise) for any damage or harm arising out of your use or reliance on the calculator.
Based on your answers, we’ve calculated that it would take