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What are the duties of an executor of an estate?
The main duties of the executor of an estate are:
Controlling, protecting and transferring the deceased's assets, in line with their last will and testament or the Intestate Succession Act;
Taking care of all the legislative requirements;
Settling all outstanding debts and paying all administration expenses;
Ensuring that the final Income Tax returns are lodged and all taxes are paid; and
Distribution of final balances in the estate.
The entire deceased administration process is supervised and validated by the Master of the High Court, who also performs a judicial function by dealing with any objection(s) lodged against the Liquidation and Distribution (L&D) account or any contestation(s) made against a will.