I am aware of a situation where a person died three years ago. She made a Will and her assets consist of the family home, another house on the farm, a 100 acre farm, and circa €10k in her bank account. She left 10 acres to 4 siblings to be divided equally. She left the remaining 90 acres to 2 sons. One of the sons also received the family home where he has always lived. He also received the other house on the farm which has been vacant for a few years. The 2 sons who received the farm are executors of the will. However, 3 years have passed and the will still has not been executed. Don't ask why it has taken so long for this to happen but the 2 sons are very slow to act and the other family members are hesitant to push them.
In the meantime the farm has been rented to a farmer generating an income of circa €16k per annum. This money is deposited to the auctioneers bank account. One of the sons, who is one of the executors, asked the solicitor to withdraw €5k for him as he needed it to pay off a loan. The other son, who is also an executor, also asked for €3k. The auctioneer gave them the money. Is this permissible from the auctioneers perspective and from a legal perspective until the will goes into probate? In any case what happens this money and any farm rental income generated from the farm until the will is executed and probate is taken out? Does this pass on to the beneficiaries who receive the farm or does it remain with the deceased in her bank account and distributed among siblings?
In the meantime the farm has been rented to a farmer generating an income of circa €16k per annum. This money is deposited to the auctioneers bank account. One of the sons, who is one of the executors, asked the solicitor to withdraw €5k for him as he needed it to pay off a loan. The other son, who is also an executor, also asked for €3k. The auctioneer gave them the money. Is this permissible from the auctioneers perspective and from a legal perspective until the will goes into probate? In any case what happens this money and any farm rental income generated from the farm until the will is executed and probate is taken out? Does this pass on to the beneficiaries who receive the farm or does it remain with the deceased in her bank account and distributed among siblings?