Estates
The death of a loved one is difficult and stressful. It can result in concerns with the handling of the loved one’s estate.
Who are you in relation to an estate?
Common Questions:
After a person’s death, their assets and liabilities make up their estate. A person’s estate can include personal possessions, real property (house, land) and debts.
A beneficiary is a person named in a Will to receive some of the estate. It can also be someone entitled to a share of a deceased person’s estate if there was no Will. See The Intestate Succession Act, 2019 for more information.
An executor is a person named in a Will to carry out the terms of the Will.
An administrator is someone appointed by the court to deal with the estate of a deceased person where there was no Will, or where the executors named in a Will cannot or will not act to carry out the terms of the Will. See The Administration of Estates Act for more information.
A creditor is a person, corporation or partnership who is owed money, goods or services.