Difference between revisions of "Your Duties As Executor"

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==Be aware of the ''Wills Variation Act''==
==Be aware of the ''Wills Variation Act''==
The Wills Variation Act allows any child or spouse of the deceased to apply to the court to vary or change the terms of the will. There is a six-month deadline, starting from the granting of probate, for applications to be made requesting variation of the will. You should therefore wait for at least six months before distributing the assets of the estate, or obtain releases from each potential claimant. Remember that you are responsible if the assets are distributed to the wrong people, meaning that you could be sued in such an event.
The ''Wills Variation Act'' allows any child or spouse of the deceased to apply to the court to vary or change the terms of the will. There is a six-month deadline, starting from the granting of probate, for applications to be made requesting variation of the will. You should therefore wait for at least six months before distributing the assets of the estate, or obtain releases from each potential claimant. Remember that you are responsible if the assets are distributed to the wrong people, meaning that you could be sued in such an event.


==Get tax clearance==
==Get tax clearance==
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