Estate lawyer Ian Hull of Hull & Hull LLP discusses the recent amendments to the Trustee Act regarding the investment duties of an estate executor, including the Prudent Investor Rule and annual report requirements. This change adds even more responsibility to the role of executor, and consequently increases the risk of personal liability borne by the executor if the job is not carried out to these standards.
www.erassure.com for more information.
ERAssure® is the Canadian exclusive provider of Estate Executor Liability Insurance.
Comments are closed