I have a question for anyone knowledgable on this subject.
Next of kin is my Brother in law, and cared for deceased relative for the past 8 years and looked after all affairs and has been essentially told he has no say in anything as it has passed to executor, fair enough, but executor is working for the legal firm dealing with probate and it seems allowing excessive legal fees be charged to which next of kin had questioned.
Executor of the estate in question was a friend of deceased whom my brother in law knew fairly well also, He is an employee and personal friend of the solicitor he appointed to deal with probate. Could this Be a conflict of interest?
Executor has indicated cost could be 2% and that he can also request to be compensated for his time. Family members felt 2% which could be 15-20 k (due to value of house) was very high for something that appears straight forward ( I know not always the case still seems excessive fee though) and will eat up any monies left in the account after funeral costs.
Property is left to next of kin who has lived there for many years and will continue to do so, he was told there would be seperate legal fees involved to changed deeds to his name when time comes , any idea what this usually costs roughly?
the Will instructed the money in account to be dispersed between various family but that money will be gone on legal fees. Next of Kin cant get responses from Executor about any queries and has been told he has no say in any financial matter anymore and will be informed when probate is back, overall executor has become cold and unresponsive.
it is approaching one year since the person passed away and all account information was handed over immediately and is still at stage of assessing assets and liabilities would this be usual, also would this fee be usual?
Do beneficiaries have any right to question or challenge the fees charged?
Sorry few seperate questions thrown in there.
Thanks
Next of kin is my Brother in law, and cared for deceased relative for the past 8 years and looked after all affairs and has been essentially told he has no say in anything as it has passed to executor, fair enough, but executor is working for the legal firm dealing with probate and it seems allowing excessive legal fees be charged to which next of kin had questioned.
Executor of the estate in question was a friend of deceased whom my brother in law knew fairly well also, He is an employee and personal friend of the solicitor he appointed to deal with probate. Could this Be a conflict of interest?
Executor has indicated cost could be 2% and that he can also request to be compensated for his time. Family members felt 2% which could be 15-20 k (due to value of house) was very high for something that appears straight forward ( I know not always the case still seems excessive fee though) and will eat up any monies left in the account after funeral costs.
Property is left to next of kin who has lived there for many years and will continue to do so, he was told there would be seperate legal fees involved to changed deeds to his name when time comes , any idea what this usually costs roughly?
the Will instructed the money in account to be dispersed between various family but that money will be gone on legal fees. Next of Kin cant get responses from Executor about any queries and has been told he has no say in any financial matter anymore and will be informed when probate is back, overall executor has become cold and unresponsive.
it is approaching one year since the person passed away and all account information was handed over immediately and is still at stage of assessing assets and liabilities would this be usual, also would this fee be usual?
Do beneficiaries have any right to question or challenge the fees charged?
Sorry few seperate questions thrown in there.
Thanks