Estate accounts

[Timofleeds]

Hi, the executor of my late mother's will has included a fictitious loan in the accounts to reduce the value of the estate. The executor is 1 of 3 daughters who are all equal beneficiaries. How do we go about sorting this out, is it illegal, if it is, is it a civil offence or a criminal offence. I have asked to see the loan agreement , there is no loan so it can not be produced.
Regards.

[Ames1]

In my opinion it sounds like fraud if the executor cannot provide any documents or proof of the loan.
I would say in the first instance it is a criminal offence and I would report her to the police and go from there. Obviously keep a record of absolutely every step you are taking as you go through the process.

[EnglandPi]

Has probate been granted yet?

[des8]

Are all three daughters joint executors?

Is this fictitious loan a ploy to reduce/avoid IHT or an attempt to defraud the beneficiaries?
Why are you certain it is a fictitious loan?

What is your interest in the estate? Do you have any right to see estate accounts? Basically (with a few exceptions) only residuary beneficiaries have a right to see the accounts, so if you do not fall within this group the executor doesn't have to respond to you.

[Timofleeds]

Hi, thank you all for your replies. probate has been granted, I am a residuary beneficiary. I am pretty sure my mother had no debts whatsoever. It is an attempt to defraud me I think. If the 30000 is kept it will probably be shared by my 2 sisters, 1 being the executor and the other is also a residual beneficiary. There is a lot of jealousy towards me as my adult children and their children ( the only ones between us 3 daughters) have been treated in the past by my late mother.