Support for nominated executors and agents to executors
An Executor steps into the shoes of the deceased, taking on the responsibility of carrying out their final wishes. Acting as the representative of the deceased, the executor handles all necessary legal and financial matters to ensure the estate is settled in accordance with the Will. This includes dealing with the Master of the High Court, financial institutions, SARS, local municipalities, and distributing assets to beneficiaries.
When appointing an executor in your Will, it’s crucial to understand the significant role they play. They are responsible for managing and finalising your estate, which can be an overwhelming burden, particularly for a grieving family member or friend. The combination of emotional strain and complex administrative duties can make the process challenging.
In some cases, professionals like Financial Planners, Attorneys, or Accountants may be appointed as executors. While they have a personal relationship with you, they might choose to outsource the Estate Administration process.
Mella Fiduciary supports executors and their appointed attorneys by carrying out the time-consuming fiduciary and administrative tasks under their authority, ensuring that the intricate and time-consuming responsibilities are carried out smoothly, efficiently, and in compliance with legal requirements. This alleviates the burden from family members and professionals alike, while ensuring full compliance.