CONVENTIONAL

The appointed executor will have an onerous duty to carry out the instructions of the testator in a professional and timely manner. The executor in discharging the fiduciary duties is to ensure that the assets and income of the estate are protected, invested and duly accounted for.
 

The executor being appointed must have:

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• Knowledge in legal, accounting, investment and taxation matters

• Experience in the administration of estates

• Continuity in the administration of the estate

• Time to manage the affairs of the estate; and

• Be able to act impartially between various parties and beneficiaries

 

Members of ATCM offering Private Trusteeship services are often appointed as executor to carry out the instructions of the testator.