DUTIES OF THE EXECUTOR
The Executor has duties to the beneficiaries in the course of administration, including the following:
- Administer the Estate in the interest of the beneficiaries. The Executor should not allow their own interest to conflict with that of the beneficiaries ;
- Act impartially for the benefits of all beneficiaries, without following instructions from one specific beneficiary to the detriment of others;
- Keep a proper account of the Estate, and answer to reasonable enquiries made by the beneficiaries;
- Apply reasonable care when exercising the powers.
The Executor may attract personal liability for breaching his duties. Considering this job is generally not remunerated, it is essential for anyone who acts as Executor to understand their powers and responsibilities to avoid disputes and liabilities