- Upon your passing, the executor of your choice will first have to locate your Will.
- After that, he/she needs to seek assistance from a lawyer to apply for a grant of probate at the High Court.
- Your executor will be able to manage your assets upon obtaining the grant of probate.
- Once your assets have been administered, your executor will then have the duty to call in your assets and pay off your liabilities (if any).
- Lastly, the executor will distribute your assets to your beneficiaries in accordance with your Will.
Estimated reading time: < 1 min
Views: 3