Executors & Trustees in Wills - An Introductory Guide to the Roles & Responsibilities

Introduction

When executors and trustees are appointed in wills, they often take on this role without understanding the full implications of the position.

When advising on an estate it is important to be aware of the full extent of the role so that you can explain this fully to your client.

Failure to manage the role correctly could result in the executor or trustee being personally liable. In addition, if your firm is appointed as executors you should ensure that the obligations are met to avoid any personal liability on the directors or partners.

This virtual classroom seminar will explain what you need to know.

What You Will Learn

This new virtual classroom seminar will cover the following:

• Assets and liabilities and failures to locate these
• Statutory advertising
• Administration issues
• Larke V Nugus requests and the executor’s responsibilities
• The role of the executor in a claim against the estate
• Trustees and the overlap with executors
• Trustee duties
• Common problem areas

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.