Insurance for Executors, Estate Trustees an “Obvious Choice”

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A new service that provides insurance for executors and estate trustees has caught the attention of some clients, Toronto trust and estate lawyer Ian Hull says in the Waterloo Region Record.  Read Waterloo Region Record

Hull, partner with Hull & Hull LLP, says Erassure insurance addresses common issues in estate law.

“It’s always amazed me that it wasn’t out there before,” he says in the Record report. “I’ve seen a huge volume of problems arise in an estate administration and estate litigation, most of which are entirely unforeseen by the parties involved.

“I see it as (an) obvious choice,” Hull says in the article. “If I’m going to go into something (like an estate administration), I would do it with a little insurance behind me.”

The product hasn’t been offered in the past because insurers generally prefer to underwrite something tied to a single event, such as a fire or car accident, rather than something that stretches over time such as an estate closure, the article notes.

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