Parent has died and one child is executor of estate. That child wants to buy family home. All three children are agreed that he can. The value of the house is agreed at about €90K under market value (€375K v €460K), but in an effort to maintain good relations, the other two are happy with the lower figure. Executor now wants both to sign a deed of family arrangement, but I haven't any idea of what that is! There is also time pressure being applied to the other two children as parent died in June 2022.
Executor has had some advices from a tax consultant, but won't share with others and the solicitor acting for executor has told all to get independent legal advice.
Executor is pressurising the two others to sign this deed.
I'm one of the two, so what should I do? Should I just sign? Has anyone any experience?
Executor has had some advices from a tax consultant, but won't share with others and the solicitor acting for executor has told all to get independent legal advice.
Executor is pressurising the two others to sign this deed.
I'm one of the two, so what should I do? Should I just sign? Has anyone any experience?