The legal fraternity never fails to surprise me...
The scene: A last Will wherein 3 capable Executors are
nominated by the deceased.
The "legal practitioner" appointed to do the legal
paper work in cold blood asks the Executors to sign a Power of Attorney with
the following wording: "We (the appointed executors)appoint "the
legal practitioner" as our agent granting unto him full power of attorney
to deal with all aspects of the winding up of the estate in our place
and stead just as though he was appointed in the first place
".
If this is not hijacking then I don't know what is.
Basically the legal practitioner is asking them to step
aside and put himself in and out of the picture! Nice he?
Why?
There are two meanings to the word "Executor":
1- The man in the street understands it to mean: “A person
appointed to make sure that the last will of the deceased is respected and
executed” No shenanigans please!
2- Some legal practitioners give the word a different
meaning... they see this as "Lots of Money to be earned for little work!"
You see an Executor is entitled to a reward for looking
after the deceased last Will.
It does not mean that the Executor must
take or accept the reward.
We are not looking at peanuts here... in South Africa, the
legal practitioner will ask for at least 3,9% of the value of the Estate.
Converting some of those values into cash is even more rewarding, 5% upwards of
such cash...
And still there are people who blindly believe…
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