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Conclusion. A law firm is not legally obliged to renounce their executorship but if it refuses to do so, the firm must show full consideration of the situation and prove genuine reasons for their appointment and necessity to act.
To renounce executorship you will need to have a \u201cdeed of renunciation\u201d drafted by a wills and probate lawyer. This document must be signed and lodged with the Probate Registry. Once it has been lodged, it's final, and can only be retracted if you have permission from a District Judge or Registrar.
A letter of renunciation is a form in the style of a letter signed by the holder named on an allotment letter who wishes to renounce his/her right to the shares specified in the allotment.
If an Executor doesn't want to act during Probate, then they can 'renounce' from their role. This means that they are giving up the role of Executor and its responsibilities, and this is done using a document called a Deed of Renunciation.
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