What if my client is NOT the legal owner but is an Executor?
Where you act for an executor/s it is best practice to obtain a copy of the death certificate and confirm the names of all the executors, as they are all your clients. Risk assessments and customer due diligence (CDD) is required on each executor.
Beneficiaries of any Will are not beneficial owners of the property and as such no risk assessment or CDD is required.
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