Estate administration and debts

Under s 49(2) of the Trustee Act 1925 (NSW) an executor or administrator may pay, allow or compromise any debt or claim on any evidence the administrator thinks sufficient. In making that judgment, an executor or administrator must exercise his or her duties of honesty and reasonable care: McGrath v Troy as administratrix of the estate of the Late Warren Terence Wade [2010] NSWSC 1470 White J at 54.


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