• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Indemnity for Executors

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Indemnity for Executors

    I have been reading previous posts on this topic and with interest. I am my co beneficiaries ( residual legatees) are estranged which causes a problem.
    The solicitor acting for the Executors ( partners in her firm) obtained the Grant of Probate on 1 October 2019. There was a house to sell and completion was in August this year. When he came to distribute the estate he had not made application for the statutory advertisements and did it when this was pointed out. He then said he would distribute the estate but wanted an indemnity for the Executors. I said that I would not sign it and we would have to wait. He is insisting that the indemnity is standard practice and nothing to do with the protection afforded by the statutory advertisements. I stress that this is a final distribution and any debts are unlikely. However one beneficiary is outside the jurisdiction , one is now dead and I am the only solvent one. I feel that this is a ruse...
    Tags: None

  • #2
    The fly in the ointment is " any debts are unlikely".
    That doesn't mean impossible, so the executor is only prepared to make a distribution in advance of the statutory protection of a sec 27 notice kicking in if you sign a letter of indemnity.
    Not unusual, but if you don't agree you'll just have to wait for your legacy.
    He can't make you sign it!

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X