THE BENEFITS OF EXECUTOR INSURANCE FOR LAWYERS
If a portion of your practice is to take on the role of the executor and be remunerated for the work you'll do handling the estate and dealing with all the different steps, executor insurance will be extremely valuable to you for the reasons listed below.
If taking on the role of the executor for your clients is NOT what you do, but instead on focus on drafting their wills and other legal documents, then you will still find value in the Executor Insurance, which details are listed on the "Executor Insurance" page.
TELL YOUR CLIENTS TO BUY EXECUTOR INSURANCE
The benefits of Executor Insurance for Professional Executors
As a professional executor, you’re going to get compensated for managing the estates of your clients, but CRA will take a good portion of that income. Here is the approximate annual tax savings that the Executor Insurance would provide if you managed ten $1M estates at a rate of 4% in one year.