Direct Lawyers’ Wills and Estate Blog

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Acting as Executor: Risks and Considerations

Whether acting as executor or administrator, doing so can be a complex and time-consuming task, and it is not something to be taken lightly. When a person takes on either role, they have certain obligations and open themselves up to risk, even where there is no risk of challenge to the will. This article will go over some of the risks of taking on the role so that anyone who is appointed is aware of them and knows how to mitigate them.

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What assets are covered by your Will?

Unfortunately, many people assume that a Will is enough to cover all assets. There are certain types of assets that require consideration outside of the Will.

When we consider the types of things that are covered by your Will, we are asking: What flows into my estate? The following are assets that will not pass to a person’s estate when they die.

Planning for your pets in your estate plan

Planning for your Pets

We love our pets. They make up an important part of our households, and are part of the family! Despite this, our clients don’t often turn their minds to their pets when formulating their Estate Plan.