Dad died intestate

[Knackered]

So my Dad died intestate.

We (the children) were the process of renovating the family home as a holiday let - just so we could pay the care home costs. We were right at the point of signing the rental agreement via a Power of Attorney we had over Dads affairs when he died.

I'm now worried that since the POA is now meaningless, and the ownership of the house is now undetermined (unless the intestate process is completed), the house will have to sit empty for up to a year instead of doing what it was designed to do (i.e. generate an income stream). It will however continue to cost money to run, so no idea where that money is coming from.

I was hoping that we could get the house on the market asap, and the profit would go into dads estate for later apportionment. - but I don't know if that is possible.

[ostell]

The executor could rent out the property as they have a duty to minimize loss

[Knackered]

The executor could rent out the property as they have a duty to minimize loss

So the most important thing in the short term is to get an executor appointed I guess? (there isn't one right now as no executable will)

[ostell]

Somebody will have to apply for probate so sooner rather than later.

So it is not impossible to continue renting out but all income must go into the estate so would be advantageous to open a separate bank account.