Hi,
My Mother has has been named Executrix in a Will, but is unable to carry out her duties. This leaves her with the options of hiring a solicitor to do it, or to give me Power of Attorney to do it for her; there is no relative of the deceased who could apply.
I have been an Executor myself and have successfully completed a personal application for Probate in the past. In this case I would be applying for Letters of Administration with Will annexed, and one difference I see, from the last time, is that I will have to get a Surety/Bond for twice the estimated value of the estate, the estate being about €400,000. I assume this Bond is something I have to buy.
My question is who sells these Bonds, and what is the likely cost of one for €800,000?
Ultimately I'm comparing costs/hassle of a personal application versus hiring a solicitor.
Thanks in Advance.
My Mother has has been named Executrix in a Will, but is unable to carry out her duties. This leaves her with the options of hiring a solicitor to do it, or to give me Power of Attorney to do it for her; there is no relative of the deceased who could apply.
I have been an Executor myself and have successfully completed a personal application for Probate in the past. In this case I would be applying for Letters of Administration with Will annexed, and one difference I see, from the last time, is that I will have to get a Surety/Bond for twice the estimated value of the estate, the estate being about €400,000. I assume this Bond is something I have to buy.
My question is who sells these Bonds, and what is the likely cost of one for €800,000?
Ultimately I'm comparing costs/hassle of a personal application versus hiring a solicitor.
Thanks in Advance.