Hi there! Have posted before (March 2023) with regards valuation on my mothers house and we are still waiting on completion of estate! My mother died back in September 2020 and probate was granted December 2021 with my sister having power of attorney and also named in will as executor with her daughter as next in line if my sister refused to be executor. My sister decided not to be executor but nominated her husband as administrator of estate and since then it's been excuse after excuse for delays. My brother and I live abroad and my sister wanted to buy myself and my brother out of the property which is fine but it's now been 2 years since probate and excuses they've given have been waiting on pension transfer or waiting on buy to let mortgage and arguments with nursing home/council over monies owed or not owed. Just a little concerned as my brother really needs the money and is the changing of executor/administrator of estate (as my sister now seems to be now taking over as her husbands mother is ill) legal and above board? I do actually know who the solicitor dealing with this is but according to my research he does not have to talk to me. Thanks in advance.
Changing executors!
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Under a post in your first thread you said probate had been ongoing for over 2 years. Now you say probate was achieved in 15 months. Is your sister, as executor, taking advantage of the fact you live abroad and not keeping you properly updated?
Had the property been advertised and sold soon after December 2021 you and your brother would have received a significant amount of money to invest. As interest rates have increased in the last year or so, you have both missed out on investment income.
Has your sister been living in the property rent free?
Unless there is good reason, beneficiaries if they haven't been paid within1 year after probate, may be entitled to claim interest. It doesn't sound like your sister's excuses, dispute with the nursing home and difficulty obtaining a buy-to-let mortgage is a good excuse.
You should write to your sister politely, remind her of her executor's duties and your parents wishes covered in the will. Say your wait for your inheritance has been going on far too long.
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Originally posted by Pezza54 View PostUnder a post in your first thread you said probate had been ongoing for over 2 years. Now you say probate was achieved in 15 months. Is your sister, as executor, taking advantage of the fact you live abroad and not keeping you properly updated?
Had the property been advertised and sold soon after December 2021 you and your brother would have received a significant amount of money to invest. As interest rates have increased in the last year or so, you have both missed out on investment income.
Has your sister been living in the property rent free?
Unless there is good reason, beneficiaries if they haven't been paid within1 year after probate, may be entitled to claim interest. It doesn't sound like your sister's excuses, dispute with the nursing home and difficulty obtaining a buy-to-let mortgage is a good excuse.
You should write to your sister politely, remind her of her executor's duties and your parents wishes covered in the will. Say your wait for your inheritance has been going on far too long.
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Which do you want, a share of the rental income or interest? You can't have both.
If you and your brother agreed to the property being let then you can't sue your sister.
When you made the agreement was a time limit set for renting the property?
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Originally posted by Pezza54 View PostWhich do you want, a share of the rental income or interest? You can't have both.
If you and your brother agreed to the property being let then you can't sue your sister.
When you made the agreement was a time limit set for renting the property?
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Originally posted by Pezza54 View PostWhich do you want, a share of the rental income or interest? You can't have both.
If you and your brother agreed to the property being let then you can't sue your sister.
When you made the agreement was a time limit set for renting the property?
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You and your brother, as main beneficiaries, need to apply to the court to remove your sister as executor and a substitute appointed.
If your sister disputes your application in court, it could take 12-15 months and legal costs on average may be £15k
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Originally posted by Pezza54 View PostMeant lawyer not barrister in my previous post
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You should tell your solicitor that although you and your brother agreed at the time to the property being rented out, your financial situation has changed and you both require the property to be sold. Hopefully the property was rented on a short-term let basis.
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Originally posted by Pezza54 View PostYou should tell your solicitor that although you and your brother agreed at the time to the property being rented out, your financial situation has changed and you both require the property to be sold. Hopefully the property was rented on a short-term let basis.
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