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Hi
This might sound blunt but only to try and keep this short and factual and try and avoid the emotion that can easily kick in.
1, I am the joint Executor to a very close family members Will.
2, The family member passed away 3 weeks ago.
3, The funeral was yesterday so emotions here are high.
3, Notification to beneficiaries of the estate went out today purely out of courtesy to give them some good news and an explanation as to their personal entitlement after costs from the estate and sharing the will is not a requirement until Probate is granted and the process this is now in hand, with a meeting set with probate advisor later this week and the executors will do all that they can to complete the process as soon as reasonably possible.
,4, I have explained that the Will has been professionally read and the executor/s although willing to share this Will request that the Will to remain private until Probate has been granted.
As yet a copy of the physical Will has not been shared but it has been requested.
Question.......
I am already receiving questions as to "who and how much why am I only getting" and guessing what their entitlement means.
When sharing a will should it be the entire will or should beneficiaries only get to see what is relevant to them, my gut feeling is share the entire Will just for clarity and if there is disappointment as to percentages etc there is nothing I can do as the Will is clear in what it states.
Not a massive estate but as the saying goes money does strange things to people, all I want to see is the Will executed openly and to the letter, hence why I am taking legal advice where necessary and using professional services. where I feel it best used.
Also I have been advised that as the Will does not state the for want of better phrase money in the bank be used for all legal matters concerning the Will that this means that when it comes to dealing with a Property - dwelling all costs concerning this dwelling and its distribution should be personally born by the named beneficiaries of the Gift of Property as from the date of death should they wish to accept the Gift of Property.
Please share experiences on this topic.
This might sound blunt but only to try and keep this short and factual and try and avoid the emotion that can easily kick in.
1, I am the joint Executor to a very close family members Will.
2, The family member passed away 3 weeks ago.
3, The funeral was yesterday so emotions here are high.
3, Notification to beneficiaries of the estate went out today purely out of courtesy to give them some good news and an explanation as to their personal entitlement after costs from the estate and sharing the will is not a requirement until Probate is granted and the process this is now in hand, with a meeting set with probate advisor later this week and the executors will do all that they can to complete the process as soon as reasonably possible.
,4, I have explained that the Will has been professionally read and the executor/s although willing to share this Will request that the Will to remain private until Probate has been granted.
As yet a copy of the physical Will has not been shared but it has been requested.
Question.......
I am already receiving questions as to "who and how much why am I only getting" and guessing what their entitlement means.
When sharing a will should it be the entire will or should beneficiaries only get to see what is relevant to them, my gut feeling is share the entire Will just for clarity and if there is disappointment as to percentages etc there is nothing I can do as the Will is clear in what it states.
Not a massive estate but as the saying goes money does strange things to people, all I want to see is the Will executed openly and to the letter, hence why I am taking legal advice where necessary and using professional services. where I feel it best used.
Also I have been advised that as the Will does not state the for want of better phrase money in the bank be used for all legal matters concerning the Will that this means that when it comes to dealing with a Property - dwelling all costs concerning this dwelling and its distribution should be personally born by the named beneficiaries of the Gift of Property as from the date of death should they wish to accept the Gift of Property.
Please share experiences on this topic.
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