What are the consequences of practitioners accepting the role of executor for their client, and does the choice of executor affect who can claim death benefits?
Should a trusted adviser act as executor?
Can the choice of executor affect who can claim death benefits? Does an executor have an obligation to claim the benefits for the estate?
If you are a client’s trusted adviser and you are asked to act as executor for your client, should you take on the role? While the request can be seen as an honour and validation of the trust placed in you, is it a good idea? What sort of considerations should the adviser take into account before accepting the role?