Hello Forum
A firm of solicitors is named as the only executors in the deceased will.
The will only names 3 Residuary beneficiaries who take 1/3 each/equal share.
The confusing part to me,
The solicitor's firm said they would have to speak to the "other executors" when an offer was made on the estate property.
I believe the solicitor/executors would like to get all the residuary beneficiaries' approval to say sell a property for £xxx.
The solicitors are treating the residuary beneficiaries as co-executors (pseudo-executors).
As I understand the solicitors firm are the only executors and they are trying to be open, polite and engage with the residuary beneficiaries as best they can.
Legally the solicitors firm are the only executors and could just ignore the residuary beneficiaries.
In practice how many residuary beneficiaries would have to disagree with the sale price to stop/make the solicitors try to get all beneficiaries' agreement to sell a property for £xxx?
Maybe this is not a question with an exact answer depending on the solicitor.
Could one beneficiary lock the estate administration process up or would it require more than one beneficiary disagreement to cause this problem?
In a different scenario, the solicitors wanted to get all the beneficiaries' agreement on who should do the conveyancing for the property.
What would happen if there was disagreement between the beneficiaries on who should do the conveyancing?
I get the feeling that the solicitors have a duty to distribute the estate in a reasonable time if an agreement cannot be reached between the beneficiaries. The solicitors would just override the disagreeing beneficiaries and choose the conveyancer, sell the property etc.
Thank you in advance
A firm of solicitors is named as the only executors in the deceased will.
The will only names 3 Residuary beneficiaries who take 1/3 each/equal share.
The confusing part to me,
The solicitor's firm said they would have to speak to the "other executors" when an offer was made on the estate property.
I believe the solicitor/executors would like to get all the residuary beneficiaries' approval to say sell a property for £xxx.
The solicitors are treating the residuary beneficiaries as co-executors (pseudo-executors).
As I understand the solicitors firm are the only executors and they are trying to be open, polite and engage with the residuary beneficiaries as best they can.
Legally the solicitors firm are the only executors and could just ignore the residuary beneficiaries.
In practice how many residuary beneficiaries would have to disagree with the sale price to stop/make the solicitors try to get all beneficiaries' agreement to sell a property for £xxx?
Maybe this is not a question with an exact answer depending on the solicitor.
Could one beneficiary lock the estate administration process up or would it require more than one beneficiary disagreement to cause this problem?
In a different scenario, the solicitors wanted to get all the beneficiaries' agreement on who should do the conveyancing for the property.
What would happen if there was disagreement between the beneficiaries on who should do the conveyancing?
I get the feeling that the solicitors have a duty to distribute the estate in a reasonable time if an agreement cannot be reached between the beneficiaries. The solicitors would just override the disagreeing beneficiaries and choose the conveyancer, sell the property etc.
Thank you in advance
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