Just found out that you are executor – what now?
Administering a deceased estate, although challenging, is an important legal obligation. A person or persons appointed as executors are the decision makers and will decide which assets will be sold and which will be converted into cash. Executor(s) can also be the trustees of any money left for the benefit of children under 18 years of age. In the absence of an express or implied provision for an Executor by the deceased, a Court will appoint an administrator, typically the closest surviving next of kin.