Nomination to act as exercutor or master’s representative
I will like to know if the is a criteria to be followed when nominating an executor or master’s representative. For instance are the nominators forced to nominate a family relative.
The executor is simply the legal term for a person nominated in the Will to carry out the directives as set out in the Will. The executor represents the assests and his responsibility is simply to disburse them to the named beneficiaries. There is no requirement in law as to who can be appointed an executor. However, the reason why people appoint family member as executor is because they believe such a person has indepth knowledge of the family property and their worth. But be careful. The size of the estate is vitally important. If it is large, it is advisable to appoint a professional. Thank you.