AbbeySmith
Joined: 24 Jul 2015
Posts: 7
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 Posted: Fri Jul 24, 2015 10:39 am Post subject: |
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Executor risk is the personal liability that an individual assumes when they manage the administration of the estate of another person. Executors are responsible for their conduct in assembling the assets of an estate, protecting them and determining the actual value of those assets. They also need to determine who’s owed money, including guarantees of debt that mom or dad might have provided for. They have to figure out who is a family member or a descendant and that can be challenging in these days of divorce, re-marriage, extended families, and non-traditional families. They also have to file income tax and they have to account for all of these activities before they distribute the money to the people that are owed money.
what is executor insurance? |
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