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Notes Online Home 2019 Deceased Estates Administration issues for deceased estates
Should accountants act as executors?
This section of the seminar notes provides guidance as to whether accountants should act as executors:
- Accountants acting as executors are held to a higher standard of conduct
- Can accountants be renumerated for their role as executor?
- Dealing with conflicts of interest that arise
- Pre-death due diligence is crucial before accountants agree to act as their client’s executor
- Alternative – Acting as an adviser to the executor