Executor of Will - WTF ?
Discussion
Jacko - a solicitor will be the third executor on the will.
They will guide you through it, while at the same time taking ages to sort even the most basic things out and charging a silly amount of money for what is in effect about two hours work.
Finally, after you have made numerous chasing phone calls they will try to charge you for, you will get it sorted out about six months after it should have been.
Bitter? Moi?
Exactly what happened to me over the passing of my mother a year ago...
They will guide you through it, while at the same time taking ages to sort even the most basic things out and charging a silly amount of money for what is in effect about two hours work.
Finally, after you have made numerous chasing phone calls they will try to charge you for, you will get it sorted out about six months after it should have been.
Bitter? Moi?
Exactly what happened to me over the passing of my mother a year ago...
anonymous said:
[redacted]
Indeed. They seem to give will work bottom priority, are generally disinterested, need reminding to do things every month, and then take their fees out of the pie (which they control) so you can't even haggle.
My uncle died last November; my aunt is STILL having to badger the solicitor for paperwork. She'll for 3 things; they'll send two, mislay one... and so it goes on.
Oh my dad mentioned the words Substantial, sum, coming, to, you, and eventuaually .
At what point in my grieving process am I allowed to price up a new TVR ? Assuming my Dad's idea of Substantial is anywhere similar to mine.
Don't get me wrong I am sad. I've just had 18 months to get used to the idea that she would die sometime soon following a massive stroke.
It's also that the last thing I inherited was the contents of my Grandads Toolbox, apart from those things my uncle wanted.
Another question. At what point will my wife try to stop any frivoulas spending of said unknown sum ?
Wait a minute - I see Double garage !!!
At what point in my grieving process am I allowed to price up a new TVR ? Assuming my Dad's idea of Substantial is anywhere similar to mine.
Don't get me wrong I am sad. I've just had 18 months to get used to the idea that she would die sometime soon following a massive stroke.
It's also that the last thing I inherited was the contents of my Grandads Toolbox, apart from those things my uncle wanted.
Another question. At what point will my wife try to stop any frivoulas spending of said unknown sum ?
Wait a minute - I see Double garage !!!
Sorry that some of you seem to have found the bottom end of the profession. Most of us really do work hard for our clients.
It is not correct that the 3rd executor will always be a solicitor. Indeed there can be anywhere between 1 and 4 executors but usually it is 2.
I decent solicitor will deal with all of the correspondence and so forth and will charge a sensible fee for the work they undertake.
If you and your father are the only two executors then you can instruct anyone you wish to deal with the administration of the estate. It is usual to get a solicitor to do this, especially if there is a house/high value of assets involved.
If you are worried about your father dealing with things you can always apply for a grant in your sole name with power reserved to him. That way you can deal with it all and he can step in if he feels you aren’t dealing with it correctly (for want of a 3 hour explanation!)
I would suggest that you look for a solicitor to deal with the administration of the estate and the probate application. Find one who charges an hourly rate and not a percentage of the gross or net value of the estate. Also look out for one who has the initials TEP after their name – they are the F1 drivers of the probate word and really don’t cost much more (than a normal sol, not an F1 driver
)
At the end of the day you and your father have a responsibility to the beneficiaries of the estate to administer it correctly. You will also be liable if there are any errors, such as underpayments of inheritance tax, mis-calculations, etc.
If you are unhappy with the service you are receiving during the administration of the estate say so, and explain your concerns. If it is not put right move solicitors. You should be given a clear indication of the likely costs at the start of the matter and not just an hourly rate. If you are unhappy with the bill you can ask for a remuneration certificate – basically an independent solicitor will check that you have not been over charged.
There are thousands for excellent solicitors out there. To tar them all with the same brush would be as stupid as saying all Doctors are rubbish.
It is not correct that the 3rd executor will always be a solicitor. Indeed there can be anywhere between 1 and 4 executors but usually it is 2.
I decent solicitor will deal with all of the correspondence and so forth and will charge a sensible fee for the work they undertake.
If you and your father are the only two executors then you can instruct anyone you wish to deal with the administration of the estate. It is usual to get a solicitor to do this, especially if there is a house/high value of assets involved.
If you are worried about your father dealing with things you can always apply for a grant in your sole name with power reserved to him. That way you can deal with it all and he can step in if he feels you aren’t dealing with it correctly (for want of a 3 hour explanation!)
I would suggest that you look for a solicitor to deal with the administration of the estate and the probate application. Find one who charges an hourly rate and not a percentage of the gross or net value of the estate. Also look out for one who has the initials TEP after their name – they are the F1 drivers of the probate word and really don’t cost much more (than a normal sol, not an F1 driver
) At the end of the day you and your father have a responsibility to the beneficiaries of the estate to administer it correctly. You will also be liable if there are any errors, such as underpayments of inheritance tax, mis-calculations, etc.
If you are unhappy with the service you are receiving during the administration of the estate say so, and explain your concerns. If it is not put right move solicitors. You should be given a clear indication of the likely costs at the start of the matter and not just an hourly rate. If you are unhappy with the bill you can ask for a remuneration certificate – basically an independent solicitor will check that you have not been over charged.
There are thousands for excellent solicitors out there. To tar them all with the same brush would be as stupid as saying all Doctors are rubbish.
jacko lah said:
At what point in my grieving process am I allowed to price up a new TVR ? Assuming my Dad's idea of Substantial is anywhere similar to mine.
This is the real world, as soon as you are ready to. Balls to those that would say "snap out of it" or "how calouse of you" (a few hours after might be a bit soon though...)
jacko lah said:
Another question. At what point will my wife try to stop any frivoulas spending of said unknown sum ?
As soon as she realises any part of it is not on her...
Too soon to start house hunting ?
www.rightmove.co.uk/viewdetails-5051207.rsp/svr/2005;jsessionid=88DA649DBEFDC18CD253EFA1B356E233?pa_n=4&tr_t=buy
This (above) house was the one i grew up in (my parents sold it in in 1989 for £94K - You will note there is room for a nice big double garage next to the house. Actutually my Mum designed the front extention, on the basis that she has no taste.
This (Below) already has a double garage and is not 300 yrds from my Mother in Law. (Which is good?)
www.rightmove.co.uk/viewdetails-2982598.rsp/svr/2005;jsessionid=88DA649DBEFDC18CD253EFA1B356E233?pa_n=3&tr_t=buy
www.rightmove.co.uk/viewdetails-5051207.rsp/svr/2005;jsessionid=88DA649DBEFDC18CD253EFA1B356E233?pa_n=4&tr_t=buy
This (above) house was the one i grew up in (my parents sold it in in 1989 for £94K - You will note there is room for a nice big double garage next to the house. Actutually my Mum designed the front extention, on the basis that she has no taste.
This (Below) already has a double garage and is not 300 yrds from my Mother in Law. (Which is good?)
www.rightmove.co.uk/viewdetails-2982598.rsp/svr/2005;jsessionid=88DA649DBEFDC18CD253EFA1B356E233?pa_n=3&tr_t=buy
Sorry but I can see a major structural problem with this one...
i.e. the structure is far too close for comfort...
jacko lah said:
This (Below) already has a double garage and is not 300 yrds from my Mother in Law. (Which is good?)
www.rightmove.co.uk/viewdetails-2982598.rsp/svr/2005;jsessionid=88DA649DBEFDC18CD253EFA1B356E233?pa_n=3&tr_t=buy
i.e. the structure is far too close for comfort...
jacko lah said:
Too soon to start house hunting ?
www.rightmove.co.uk/viewdetails-5051207.rsp/svr/2005;jsessionid=88DA649DBEFDC18CD253EFA1B356E233?pa_n=4&tr_t=buy
This (above) house was the one i grew up in (my parents sold it in in 1989 for £94K - You will note there is room for a nice big double garage next to the house. Actutually my Mum designed the front extention, on the basis that she has no taste.
This (Below) already has a double garage and is not 300 yrds from my Mother in Law. (Which is good?)
www.rightmove.co.uk/viewdetails-2982598.rsp/svr/2005;jsessionid=88DA649DBEFDC18CD253EFA1B356E233?pa_n=3&tr_t=buy
Might I humbly suggest that you check to see, as you noted earlier, if your idea of substantial tallies with that of your father.
I have heard members of the older generation give such labels to sums as little as a hundred pounds or so...
anonymous said:
[redacted]
You've met my Dad then ? I'm definately under no illusion here, I was previously told about 10 years before my mother's Dad died that all his inheritance would go to his grandchildren. Er - Provided his children actually decided to share their share.
Actually Being Serious NOW - It's not me that needs money it's my Kids in about 15 years time, so investing anything for them is a priority to me.
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