Jun 02, 2016

Multiple roles in estate expands duties, risks

It is not uncommon for an executor to have also acted as a power of attorney (POA) and to be a named beneficiary of the estate — but with these roles come rights, obligations, personal risk and potential conflicts, Toronto litigation lawyer Reshma Kishnani writes in Lawyers Weekly. As Kishnani, associate with Basman Smith LLP, explains, disputes can often arise between the beneficiaries of an estate, leaving it up to the courts to determine what the deceased’s wishes were without having the privilege of ever having met the person.

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Photo by Paul Rollison