Question
of the week
Question of the week

Curious. Interesting. Informative.

06 March 2015

Bankrupt as executor?

Wills, Powers, Estates & Family Provision Claims
Federal

Asked

Can a person named as executor who is or was in voluntary administration act as an executor?

Answered

There are no restrictions to a bankrupt being the executor of a will. However the court might pass over an executor whose appointment would place the administration of the estate in jeopardy.

Regards Mentor