A home made will might say "I leave my house at Hurstville and my Commonwealth Bank account to my wife Mabel, any other money to my sister and my car to my son". This might be fine at the time but what if you have sold the house at Hurstville (perhaps it was sold by your Power of Attorney because you are in a nursing home), the Commonwealth Bank is now called the Murdoch Bank and there is no car ? - the effect of the will, will be completely different. The money from the house will go to your sister and your wife and son will get nothing.An experienced solicitor would be less specific with assets and have thought of the possibility that the house might be sold and turned into cash and that the bank details may change.
Executors other duties include:arranging the funerallodging taxation returns and making sure all tax is paid (the Executor is personally responsible for any unpaid tax).take control of any business or farm and ensure that assets are not lost or stolen or perish.if necessary, sell assets to raise funds to either pay debts, taxes or distribute to beneficiaries.distributing the assets to beneficiaries (or the proceeds of sale of the assets).keep financial accounts of what has been done.
Liability limited by a scheme approved under Professional Standards Legislation