Mistake Number Four: The Failure To Follow The Terms Of The Will
The fourth mistake that many executors make is that they misunderstand the will or fail to carry out the instructions the will has laid out. An executor is persoanlly lialbe to follow the actions the will states to do. The executor must take these actions in a timely manner because interest can acrue on late payments and the executor is held liable for the interest. An executor should create a checklist, hire a lawyer to help, and in some cases use Court to decipher the specifics of a will. Use these tools today to avoid a common mistake. For more information on this topic click here.