Will Wednesday: What is the executor’s legal duty?

Q. What is the executor’s legal duty?

A. The executor has a fiduciary duty to the parties to the estate. A fiduciary duty is a much higher standard of care and performance than is typically required in a non-fiduciary role, because it involves the management and distribution of money belonging to other parties. The required standard of care is often much higher than a person might generally exercise in respect of their own personal business.