Insurance Policies
In recent years, custom "executors' insurance" policies have entered the marketplace. These are currently available in countries including Canada, England and Wales. They are often taken up by non-professional executors - typically friends or family of the deceased - who may be worried about the potential of making an error during the probate process and uncomfortable about exposing themselves to unlimited personal financial and legal liability. Many find such cover an attractive proposition as the vast majority of wills allow reasonable expenses, such as the cost of the policy, to be reclaimed from the deceased's estate.
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Famous quotes related to insurance policies:
“Women hock their jewels and their husbands’ insurance policies to acquire an unaccustomed shade in hair or crêpe de chine. Why then is it that when anyone commits anything novel in the arts he should be always greeted by this same peevish howl of pain and surprise? One is led to suspect that the interest people show in these much talked of commodities, painting, music, and writing, cannot be very deep or very genuine when they so wince under an unexpected impact.”
—John Dos Passos (1896–1970)