One of the best gifts you can give to your family, is to take a little time to make things easier after you are gone or unable to handle your affairs. Even if you don't have many assets, there will be matters to look after when you're gone. Your executor is the person you pick and designate in your will to arrange for your funeral, to receive and distribute your personal items and your final cheques. If, as you grow older, you become unable to handle your financial matters, it is important that you have chosen the person you want to do it for you. If you don't have a Power of Attorney, the Government, through the Public Trustee, will become involved, or your family will have to go to Court to get permission to take the job on.
Death is one of the two famous inevitabilities.
Believe me, they will be glad to know how you feel on this issue, instead of being left wondering if they did the right thing. Now on Monday, it doesn t look like such a good idea. If you have signed a binding, non-conditional Agreement in writing, you have a legal contract. You have to buy and the owner has to sell. Of course, if you both decide to cancel it, that can be done.