Challenges for executors typically occur when the executor has made an error or a beneficiary thinks the executor has made an error in any or all of the following areas in the administration of an estate:
Favouritism:
Preferential or prejudicial treatment of certain beneficiaries resulting in a loss of entitlement by another beneficiary.
Loss of money or value:
Timing issues related to the sale of real property or various types of financial instruments that result in diminished value of the asset.
Conflict of interest:
Allegation of conflict of interest on the part of the executor whether the executor is also a beneficiary or not.
Error in value:
Failure to valuate or improper valuation of assets.