It has already been established that where executors/Trustees have made investments they need to show due diligence to avoid liability for losses (Groom Estate v Groom ).
However, were they to sell equities when acting as Executors/Trustees at a time when the Stock Market has dropped but expected to rise in the not too distant future, would they then be liable for losses on the basis that they were not showing due diligence?
My thoughts being that present markets being affected from the Invasion by Russia and other issues, hopefully returning in the next few months, such action may cause concern of beneficiaries unless their prior approval to dispose of assets for distribution to beneficiaries was given.