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Most importantly, make sure you either appoint a professional corporate executor or an alternate, to ensure there will be an executor in place when the time comes to act. Resources are available to help executors understand their duties and determine whether they will need assistance.
A Letter of Testamentary is a document granted to the Executor of an estate by the probate court. This document gives the Executor the authority he or she will need to formally act on behalf of the decedent. It gives the right to handle financial and other affairs related to closing out the estate.
Who can be an executor? An executor is a person who is appointed by the testator to implement her last Will. The appointed executors details are mentioned in the Will and derives his authority from the instrument.
With this in mind, the Supreme Court will appoint an administrator to manage the deceaseds estate, ing to a strict set of eligibility criteria. This aims to appoint someone who is either close enough to the deceased to know their wishes, or responsible and knowledgeable enough to do a fair job.
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