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Saturday, April 26, 2014

Executor liability as massive wealth transfer nears

This article from www.merrickwealth.com is an eye-opener for anyone who is named as an executor of an estate. I find that most executors are blissfully unaware that there are any risks to the job other than cranky beneficiaries, but there can be a serious financial downside that you should know about. This article describes several ways in which an executor can incur personal liability, and discusses executor's insurance. Click here to read the article.

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