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Letters of Administration

Wills are legal documents that give shape to your intentions after you are no longer around. The main functions of a will are described below. 

Appointment of Key Persons

A properly drafted will should provide clear instruction as to who you wish to appoint in the following capacities:

  • Executor - person in charge of executing all instructions in the will

  • Guardian - person who will be providing parental care for minor children where there is no surviving parent

  • Trustee - person who will manage assets for vulnerable beneficiaries i.e. minors or elderly

Handling of Assets

The main function of a will is handling the estate of the deceased. There are a few steps to this:

  • Settlement of outstanding debts and liabilities

  • Division of remaining assets to beneficiaries

  • Instructions for certain vulnerable beneficiaries with regard to management of inheritance by trustee

Alternative Scenarios

The main function of a will is handling the estate of the deceased. There are a few steps to this:

  • Settlement of outstanding debts and liabilities

  • Division of remaining assets to beneficiaries

  • Instructions for certain vulnerable beneficiaries with regard to management of inheritance by trustee

Schedule of Assets

The main function of a will is handling the estate of the deceased. There are a few steps to this:

  • Settlement of outstanding debts and liabilities

  • Division of remaining assets to beneficiaries

  • Instructions for certain vulnerable beneficiaries with regard to management of inheritance by trustee

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