Category: Wills and Estates

As anyone can tell you, the property market is going absolutely gangbusters right now. So much so that a bidder at an auction in Sydney’s south last Saturday accidently bid against herself just as she was about to be declared the new owner of the property for sale at the hotly-contested auction. The final price was $1.62 million, with her previous bid being $1.619 million. The underbidder’s last offer was $1.618 million.
Biologist, historian and futurist H G Wells, author of the sci-fi classic The War of the Worlds - a tale of alien invasion and annihilation by pathogen - once famously wrote “Adapt or perish, is nature’s inexorable imperative.” It could be very good advice in today’s troubled times.
Unfortunately, sooner or later we all have to turn our minds to the prospect of shuffling off this mortal coil. For most of us, when we do the exercise inevitably entails a lot of care and consternation, stipulating just who should get what in the all-important terms of our final will and testament. But in the process what is often overlooked is one of the most vital questions of all – who should be appointed as executor of the estate?