Trust Registration Service – Further Changes
Taking on the role of an Executor carries with it a great deal of responsibility. An Executor has the legal authority to administer an estate and is ultimately responsible for any mistakes made. They can be held personally financially liable for any breaches of duty. As a result it is imperative that the Executor does everything in his power to ensure that they include all assets in the inventory of the estate and that they settle all liabilities of the Estate in full.