The role of an executor is to step into your shoes after your death to ensure that your assets are distributed in the best interests of your estate and those that you love. In this article, we unpack a number of factors to consider when making this all-important decision.
Special combination of skills: An executor must possess a solid understanding of business, finance, accounting, tax, and relevant estate administration and succession law. This role demands excellent time management skills, the ability to multitask, and the capability to meet various deadlines set by Sars and the Master’s Office. Further, it is a highly administratively demanding position.
Interpersonal skills: An executor serves a key role in communication and relationship management, working closely with various parties, including heirs, beneficiaries, creditors, debtors, and…