Executor Appointment Clause (Literary, Art, Etc.) (ON)

Summary

This clause appoints a separate executor to administer the testator's literary royalties, art collection, etc. This clause includes practical guidance and drafting notes. The estate trustee (also known as the executor) is the representative specified in an individual's will to carry out the terms of the will and wind-up the affairs of the deceased. The authority of the executor springs from the executor's appointment in the will, not from the issuance of a Certificate of Appointment of Estate Trustee or letters probate. Therefore, in order to have a will that can be useful from the moment of death to deal with funeral arrangements and the like, the appointment of an executor, with sufficient alternate appointments to cover all reasonably expected circumstances, is an essential element. This clause appoints a separate executor to deal specifically with literary, art and related assets. These types of assets likely require specialized knowledge in terms of valuation, safekeeping and ...