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Examination Timing: 00H00M24S
Ms. Bennett, a solicitor, is named as both the executor and a beneficiary in her client, Mr. Cole’s will. What ethical considerations must Ms. Bennett take into account?
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A solicitor who is both an executor and a beneficiary must ensure there is no conflict of interest and act in the best interests of all beneficiaries. Transparency and fairness are paramount to maintain ethical standards and avoid any perception of impropriety.
Key Point: Solicitors acting as both executor and beneficiary must manage any potential conflicts of interest and act impartially to uphold ethical standards.
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