Taking up the role of executor brings with it a number of duties but also potential liabilities. Legal claims can be brought against an executor who fails to carry out their role properly or at all. An executor can be personally liable for any loss suffered to beneficiaries by a failure to properly deal with the estate. The executor has a duty to act diligently and to gather in assets and settle liabilities in a timely manner. They can be made responsible for interest payments, penalties or losses incurred by a failure to distribute the estate.
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