proper administration of the estate.
Who can be appointed as an Executor to deal with the administration of an estate?
It is advisable that your attorney
should be appointed as Executor as
he/she will
be familiar with the directions
contained in your will,
know where your assets are,
have general information of your
family affairs,
be in a position to wind up your
estate and carry out transfer registrations of any fixed property
expeditiously, and
have specialized legal knowledge
of the administration process.
However, a family member can also
be appointed as Executor.
Does an heir have a choice?
Any beneficiary is entitled to repudiate or renounce a bequest or inheritance.
Where a beneficiary renounces an
inheritance, that inheritance will
devolve either in accordance with
the deceased’s will or in terms of
the laws of intestate succession.
“Election” arises when spouses have
massed their estates and the surviving spouse must elect whether to
take his/her share and forego the
benefits of the joint will, or allow
his/her share to be disposed of and
enjoy the benefits. This election by
the surviving spouse is usually referred to as ‘adiation’.
This article is a general information sheet and should not be used or relied on as legal or other professional advice.
No liability can be accepted for any errors or omissions or for any loss or damage arising from reliance upon any
information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)
BREDASDORP