How can an executor protect themselves from liability?

Executors have a lot of responsibility to fulfill when it comes to probating an estate in New York. As such, it is important that they take steps to protect themselves from potential liabilities. One way to protect themselves is to become familiar with the laws and regulations outlined in the New York Estates, Powers and Trusts Law (EPTL). This law outlines the legal responsibilities of an executor and any potential liabilities. Another way to protect oneself from liability is to be organized and maintain records. Executors should maintain detailed records of all transactions related to the estate. This includes keeping track of all payments made from the estate as well as any receipts for those payments. By keeping detailed records, executors can provide evidence in the event of any potential liability claims. In addition, executors should hire a qualified probate attorney to help them navigate the process and advise on how to best protect themselves. An experienced attorney will be able to provide guidance on how to properly handle the estate and avoid potential pitfalls. Finally, executors should always act in the best interest of the estate, and exercise good judgment when making decisions. It is important to avoid conflicts of interest and to ensure that the estate is managed properly and in accordance with the law. By taking the steps above, executors can ensure that they are protected from potential liabilities.

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How can an executor protect themselves from liability?

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