Vereffenaar

The liquidator is responsible for compiling an inventory of, managing and selling the assets, and discharging the debts of the estate. This role arises primarily in the law of succession upon appointment by the subdistrict court judge, and in bankruptcy law as an alternative to the trustee.

The appointment of a liquidator serves to ensure an orderly and transparent administration of the estate, particularly where the heirs are in disagreement or no executor has been appointed. The liquidator acts under the supervision of the court and is personally liable for any negligent conduct.

In practice, a liquidator is frequently appointed in complex or substantial estates in order to prevent legal disputes and to achieve an equitable distribution.