David Andrew

speaker
514 appearances 1 recordings 1 series first heard Aug 2022 last heard Aug 2022

David Andrew’s voice in public audio — every appearance, attributed to the second.

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That's not even including what if it's really complex estate, like there was a trading business and the person was the director of the business.
Who's going to take on that role?
Those sorts of things.
So...
Very important role.
And people also have to remember they are personally responsible.
When you become executor, you take on the personal responsibility to properly distribute that estate according to the will and according to law.
Get it wrong, they're looking at you.
So
Lots of pressure.
Well, okay, but people need to understand that.
Yeah.
And, you know, that's, you know, it's, as I say, it can be a quite, it is a responsible, but it can be quite a demanding role depending on the nature of the estate.
Yeah, I mean, some people think it's an honour and a privilege and the whole lot, but sometimes they're not suited.
They don't want to do it.
They're not equipped to do it.
Yes, make sure it's the right person.
And always think perhaps about, you know, that's where you might think about a trustee company, even as the alternate, you know, sort of, you know, there's someone who could do it if he doesn't want to, he or she doesn't want to do it, then at least in the alternate, got a trustee company to do it.
I mean, you and I appoint someone today who's, you know, 57 years of age, that's fantastic, but you live for another 27 years, they may not want to do it at that time.
Yes, you can have multiple.
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