Executors often want to help out beneficiaries of estates by paying money as soon as it becomes available. But there are some fishhooks: executors can be liable to the estate’s creditors and claimants if they pay out too early.
That’s money out of the executors’ own pockets, and it can seriously add up.
We’ve produced a one-page guidance note to explain what to watch out for, and what steps executors can take to protect themselves. As always, if you need more information or want some advice about your situation, just give us a call.