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Tuesday, June 21, 2011

There's insurance for that?

Yes, it's true - there is insurance available for executors. It's a new concept and I haven't seen it in action yet so I can't give you an appraisal of its value based on personal or professional experience. This article from Elaine Blades in http://www.allaboutestates.ca/ will tell you more about it. Click here to read it.

I have to agree with Ms. Blades' comment that "The mere fact that the role of executor warrants specialized insurance coverage should give pause to both potential executors and the testators who appoint them." It's time that individuals realized how complex and difficult the role of executor can be, and how easily it can land an executor in legal hot water.

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