Easy Come, Easy Go

Discussion in 'Investor Psychology & Mindset' started by kierank, 19th Sep, 2020.

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  1. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,415
    Location:
    Gold Coast
    Agreeing to be an executor is a big decision. Serious legal responsibility and risks come with that decision.

    Not everyone is aware of this.
     
    kierank, 20th Sep, 2020
    #41
  2. Shazz@

    Shazz@ Well-Known Member

    Joined:
    24th Jun, 2018
    Posts:
    1,310
    Location:
    NSW
    Yep, when I made my will, my solicitor said that I needed to ask my executors if they are willing to do this. They then had to sign something.
    On the flip side, I know so many people who have made wills and have not done this.
    Also seen a case where the executor was incompetent and dragged out everything for 4 + years before the beneficiaries received what they were entitled.
     
    Shazz@, 22nd Sep, 2020
    #42
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