fbpx

Can an Executor of a Will spend the money?

faq-top-bg

An Executor may use the money within an Estate for the payment of fees and costs related to the administration of the deceased Estate.

Executors of Wills are legally liable for the Estate and are required by the Master of the High Court, especially when the Executor is an individual and not a trusted Estate Administration company, to furnish security, to the value of the Estate before they are granted the Letter of Executorship.

Capital Legacy, as the leader in Wills and Estate Administration and with an impeccable track record, is not required to furnish security to the Master of the High Court.