Hello, I hope I am on the correct thread here. Can anyone tell me if a joint executor who is also a beneficiary has the right to charge for work they have done?
Executors & Beneficiaries
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Re: Executors and Beneficiaries
Originally posted by ocraz49 View PostHello, I hope I am on the correct thread here. Can anyone tell me if a joint executor who is also a beneficiary has the right to charge for work they have done?
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Re: Executors & Beneficiaries
Originally posted by ocraz49 View PostHello, I hope I am on the correct thread here. Can anyone tell me if a joint executor who is also a beneficiary has the right to charge for work they have done?"Family means that no one gets forgotten or left behind"
(quote from David Ogden Stiers)
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Re: Executors and Beneficiaries
....but only reasonable expenses. they cannot charge for a casino trip to Monte Carlo but they can for telephone calls made to execute the will as can you do."Family means that no one gets forgotten or left behind"
(quote from David Ogden Stiers)
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Re: Executors and Beneficiaries
I believe that reasonable expenditure such as essential travel , phone calls etc can be claimed for. My sister who was an executor of my dads estate had to travel on several occasions from Maidstone to Crewe. This was claimable, what wouldn't have been would have been hotel accom.
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Re: Executors and Beneficiaries
Originally posted by ocraz49 View PostHello, can anyone tell me if a Joint Executor who is one of the beneficiaries, is allowed to charge for being an executor? Regards
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Re: Executors and Beneficiaries
Originally posted by leclerc View Post....but only reasonable expenses. they cannot charge for a casino trip to Monte Carlo but they can for telephone calls made to execute the will as can you do.
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Re: Executors & Beneficiaries
Hello, yes of course you may ask. I am one of two beneficiaries. My sister and my cousin are both executors. My cousin is asking for a goodwill gesture of 1,000 from each of us (but hasn't asked my sister yet). I am just worried that if I agree to anything, my sister will then come along and ask for the same. Also my cousin informs me he by law, can charge 2 to 4 per cent for being executor, although in the first instance he did say he offered to do the job and therefore would not charge. The estate is almost tied up now and suddeny my cousin asks for 500 from me as a gesture of goodwill and then it went up to 1000. As he holds the cheque book, I need to know where I stand as they have not opened an Executors Account only a joint account. Sorry this is such a long drawn out story but it is exactly how the situation has evolved. I was told from the beginning, you are only a beneficiary, nothing is your business. I have asked for bank statements as I know my mum loaned my sister 10,000 pounds 18 months ago, but I am not getting anything back from the Executors. Please advise.
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Re: Executors and Beneficiaries
Would someone be able to merge this thread with the other thread which is the same one. Unfortunately I put it on the wrong part of the site in the beginning and someone transferrred it for me, but I also put in on the correct thread as well. Does anyone know how to merge them? Many thanks to all your comments.
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Re: Executors and Beneficiaries
Originally posted by MissFM View PostIf, however, they are a solicitor they can charge their customary fees for their time which may well amount to the same
One could certainly imagine an accountant or lawyer seeking to charge more than mere out of pocket expenses unavoidably incurred, especially if their only bequest in the will was to be given a lemon (or a pebble) with the instruction, "Now squeeze this!"
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Re: Executors and Beneficiaries
Originally posted by ocraz49 View PostAn amount of money was passed to an executor in cash, so not proveable?
Was this the contents of the deceased's wallet, or cash found in the deceased's knickers drawer?
If the other co-executor believes that money or other value is being improperly removed from the estate, a challenge could be made to remove the executor who may have been embezzling from the estate.
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