EXECUTOR
RISK PROFILE

Know the common variables that most often trigger an estate claim.

Are there any unique family dynamics such as a second marriage, blended family, a history of acrimony between family members OR spouses; are any beneficiaries (or their children) experiencing financial duress; is there any health or drug related concerns?

Are there multiple executors involved; is there any disagreement in how best to involve the use of professionals for legal, tax, accounting, investments and real estate; are any of the executors or service providers to the estate seen as potentially having personal conflict; was the executor(s) also a power of attorney?

Are there any significant financial assets of the estate that might be complex in nature; are there debts of the estate; are there any charitable groups listed as beneficiary?

Is the will handwritten or done by do-it yourself methods; are any instructions within the will unclear; have any family members been left out, or is there disproportionate allotment of the estate assets?

Is there a seasonal property; have any one of the beneficiary group or extended family been using estate assets as their primary residence; any foreign or rental properties?

Is there a family business or other business assets that require management or sale; is there ownership in any private or foreign companies; any family owned assets; any antiques or heirlooms that have significant emotional value?

Interpreting your score

0 = LOW RISK | 1-3 = MODERATE RISK | 4 OR OVER = SIGNIFICANT RISK OF EXPOSURE TO LIABILITY

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October 20th, 2020