Hello, my sister and her husband have died very recently. Police are involved. There are a lot of creditors. There are wills but I haven't seen them yet but i know they date from 1999. I am told my elder brother has been named executor. he doesn't want anything to do with it,. My sister may also be an executor but is elderly, as we all are, and would not want the responsibility. I have a few thoughts and would appreciate some of your comments and thoughts.
1. My brother, and my sister, to delegate executor role to me. Can this happen easily? Ramifications?
2. There are some belongings, furniture, documents, household stuff, garden stuff etc. In total not a great value, maybe 10,000 pounds. Creditors are owned more than 100,000 pounds. Family would like to take some personal items and things of little value. Can i/we do that?
3. Can I/we delegate to a solicitor the selling of anything of value and he collates creditor details, takes his costs and shares out any proceeds. If there are not enough proceeds to cover solicitor costs do we have to pay him the balance? I presume yes.
4. Do we have a responsibility to creditors and do they have any claim upon us relative to the debt? I presume not but can they scrutinize what we do and object or claim for errors we may make?
Apology for length of post but have no experience in this matter and not a lot of money to not care as well as cope with their deaths.
Any other thoughts or places of advice/help will be appreciated. Thank you. 20.06.2022
1. My brother, and my sister, to delegate executor role to me. Can this happen easily? Ramifications?
2. There are some belongings, furniture, documents, household stuff, garden stuff etc. In total not a great value, maybe 10,000 pounds. Creditors are owned more than 100,000 pounds. Family would like to take some personal items and things of little value. Can i/we do that?
3. Can I/we delegate to a solicitor the selling of anything of value and he collates creditor details, takes his costs and shares out any proceeds. If there are not enough proceeds to cover solicitor costs do we have to pay him the balance? I presume yes.
4. Do we have a responsibility to creditors and do they have any claim upon us relative to the debt? I presume not but can they scrutinize what we do and object or claim for errors we may make?
Apology for length of post but have no experience in this matter and not a lot of money to not care as well as cope with their deaths.
Any other thoughts or places of advice/help will be appreciated. Thank you. 20.06.2022
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