Winding up Deceased Estates
The job of an executor is not for the faint-hearted.
If you have you been nominated as an executor of an estate you should be flattered: The deceased clearly held you in high regard.
In your role as executor you will have to take control of all of the deceased’s assets and liabilities. You will also be faced with a series of very personal and important decisions and responsibilities. For example, you may have to:
- Make arrangements for the deceased’s dependants’ maintenance requirements pending finalization of the estate.
- Communicate with the deceased’s staff and employees, and possibly make provision for their retrenchment.
- Take control of a business while the estate is being wound up.
- Rehome pets.
- Decide (in conjunction with the heirs) whether assets in the estate will need to realized (sold), and if so how best to do this.
- Divide up personal effects and memorabilia between family members and friends.
- The list goes on……
It’s a big job, and is administratively and emotionally intense. It requires not only knowledge of the law and the various administrative processes, but also sensitivity and professionalism to ensure that the process is as smooth and efficient as possible for those left behind.
The process is unquestionably made easier if the deceased has left detailed instructions for his or her executor – but even then, it remains a daunting task to take on. Let me help you.