Are you currently acting as the Executor of an Estate?

Being appointed as an executor of a Will is an honor and a responsibility.The executor role is complex because of the variety of skills required, time consuming because of the sheer volume of tasks that need to be managed, and challenging because the relationships involved can be strained due to the combination of emotions and money. If you have just been appointed as an executor of a will, you may be feeling overwhelmed – almost as if you have accepted a second full-time job.

Even if you have acted as an executor previously, no two estate administration processes are exactly alike. While the estate itself may be fairly straightforward, the beneficiaries, and their emotions and reactions, may be very different. The current economy, relationships within families, and the individual personalities involved can all add to the risk faced by executors.

Executors can be held personally liable for the decisions they make in the course of estate administration. Although you will be acting in good faith, errors – or disagreements and the perception of errors – can result in the executor and the estate being sued by beneficiaries, creditors and/or third parties.

We now offer Executor Liability Insurance, which protects you, and the estate assets.Executors can be held personally liable for the decisions they make in the course of estate administration. Errors – or the perception of errors – can result in the executor and the estate being sued by beneficiaries, creditors and/or third parties.

Executor Liability Insurance is available. This coverage protects you, and the estate assets.