Blog: Lay executors of wills unaware of liability risks
Increasingly people are being asked to take on the role of executor following the death of a friend or relative. In the past, it was common practice to name a solicitor or bank in a will as the main executor. But a Censuswide survey shows 75% of people are now placing their trust in family or friends.
This change has partly been driven by cost. A professional executor may charge thousands of pounds for managing the distribution of a relatively modest estate. Theoretically, if you name a non
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