The solicitor/executor of my mother's estate is chasing a loan now owed by the recipient. The loan was secured against the recipient's property. The recipient is disputing the interest the solicitor is charging.
I specifically recall my mother stating to me the solicitor asked her about interest, and she said no as long as the loan was returned. I can vividly recall this conversation. The solicitor/executor is now insisting on pursuing this loan via Sherriff Officers, as the recipient of the loan is disputing the interest, understandably.
I'm concerned the solicitor is creating work for themselves and in doing this will only serve to cost all the beneficiaries of the estate money, taking this route will this mean going to court?. How much are court costs for chasing a debt, including solicitors, approx?
Is there anything we can do as beneficiaries? If the recipient of the loan agrees with us to return the loan amount within a set period of time and in return the interest will be wiped? Can we put this to the executor?
Any help on this would be greatly appreciated.
I specifically recall my mother stating to me the solicitor asked her about interest, and she said no as long as the loan was returned. I can vividly recall this conversation. The solicitor/executor is now insisting on pursuing this loan via Sherriff Officers, as the recipient of the loan is disputing the interest, understandably.
I'm concerned the solicitor is creating work for themselves and in doing this will only serve to cost all the beneficiaries of the estate money, taking this route will this mean going to court?. How much are court costs for chasing a debt, including solicitors, approx?
Is there anything we can do as beneficiaries? If the recipient of the loan agrees with us to return the loan amount within a set period of time and in return the interest will be wiped? Can we put this to the executor?
Any help on this would be greatly appreciated.
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