Q&As
A Will contains an executor appointment clause appointing the partners in a firm as at the date of death or a firm which has succeeded to and carries on their practice, taking into account conversion to an LLP (see example below). Where the firm has converted to an LLP and formed a trust corporation, does an executor appointment clause such as the one below enable the trust corporation to be appointed executor?
What would be the effect of the following example clause to appoint executors?:
I appoint the partners [including salaried partners] in the firm of [name] [of [address] OR who practice at the office of the firm at [address] at the date of my death or the firm which at that date has succeeded to and carries on their practice to be the executors and trustees of this will and in the event of such firm being incorporated as either a limited company or a limited liability partnership at that time then I appoint the [directors and] shareholders to be the executors and trustees of this will
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