Yes, they can do it that way or send out cheques in the case of cash assets.I thought that solicitors transferred the money directly to the beneficiaries
Do you know that for sure?all siblings are equal beneficiaries
Can a sibling settle the funeral costs and be reimbursed upon completion of probate??The executor(s) have ultimate responsibility for ensuring the wishes/bequests made in the will are carried out. They are also responsible for settling any bills incurred, funeral costs, etc. Gifts outside of the will are none of their concern.
Yes.Can a sibling settle the funeral costs and be reimbursed upon completion of probate??
Funeral costs
In some cases, a funeral may be partially or fully paid for in advance, or the funeral costs are covered by an insurance policy. Otherwise, the person who arranges the funeral must pay the funeral director for the cost of the funeral. This can be repaid from the deceased’s estate (the money and property the person left behind).
It didn't belong to me, it was kept at my house with the original invoice in their names so I had it but didn't own it.Did you take possession of the valuable asset before your parents died?
So, it will still remain part of your mother's estate will presumably be a part of your inheritance with an appropriate reduction in the cash proceeds compared to the other siblings to account for it?It didn't belong to me, it was kept at my house with the original invoice in their names so I had it but didn't own it.
Sorry, I read it wrong, when I brought to my house for safekeeping, I didn't own it and kept the invoice with it to be sure my parents were owners. When they made the will (it was changed due to the sudden death of a sibling) she was showing me the will and that is when she said she was giving it to me. So it was in my possession and verbally she told me to keep it.So, it will still remain part of your mother's estate will presumably be a part of your inheritance with an appropriate reduction in the cash proceeds compared to the other siblings to account for it?
I understand you don't want to be specific online but I'm a bit stumped. If it's small enough to be stored in a safe than I assume jewellery or the like. It's also hard to know how big it is in the scheme of the estate.My mother and father gave me a generous valuable asset before they died
Good question, the estate would be in total 400k (including house sale which was transferred in our names while parents were alive and sold as Dad was coming to live with me, that is a whole other story and we all got our fair share of house sale) then cash assets approx 100k between 5. Yes the item is something like what you describe.I understand you don't want to be specific online but I'm a bit stumped. If it's small enough to be stored in a safe than I assume jewellery or the like. It's also hard to know how big it is in the scheme of the estate.
If this is a €10k item in the context of a €100k estate that's one thing.
If it's a €2k item in the scheme of a €500k estate I am not sure any dispute is worth the time, hassle, or potential legal fees.
In % terms, how big is this "valuable asset" relative to the estate?
Ok, I didn't fleece the house ever. It was me that tidied up the house and dispersed items according to parents wishes including my mothers wedding ring to brother 1 -daughter, an antique bureau that I got fixed up with a refurbished many years before but my sister wanted it so she got it. My two brothers got all the furniture as they are buying a house themselves. I took 2 of her sweaters and the family photos. My mother had cancer for years and I was up and down to the nearest city for appointments, she was always trying to throw me petrol money and I never took it for 7 years until the last year of her life because hubby and I lost our business. And just to put into context, brother 1 lives 30 mins away and hadn't take my parents to his house in 20 years except for 1 baptism, 1 communion and 1 confirmation. He visited once every 6 or so weeks for an hour and never once took them out or away for a day. So I have sympathy for your sister if she did in fact look after your parents however I don't condone fleecing a house without all the family there and the clue is in 'before your parents died', maybe they wanted her to have it.I remember my own sister took a lot of items from our elderly parent's house before they died. We were all given the story that these items were gifted to her over the years. Jewellery items, furniture, old books etc. The same story that she was given these because of all the work she did for them over the years. Even brought her own children in to the house to choose the items that they wanted before the actual beneficiaries knew that this was going on. We never found out where our mother's engagement ring went.
Why was the invoice from the stonemason sent to you. If you did everything for your parents, why were you not made the executor?
No it was not in original will. She purchased it between wills. It is worth 10k and no I don't think I can prove ownership if it came to selling the item.If you went to sell this item, and if it is very valuable can you prove ownership? If it is worth €5K I doubt if people would look for proof of ownership, but if it is €50k they probably would.
It sounds like your parents had it on a previous will but not on their last will so it would indicate it was no longer part of their estate.
Until the estate is distributed you won’t be able to find out if the executors did as the will said, take the cash and divide it equally. Until then worry is futile but if they were to include the valuable item in the estate I would expect you would hear about it before the estate was dispersed. A prudent executor may want it valued, stored with full insurance or sold to convert it to cash so it can be distributed as part of the estate if they are of the view you were only holding it in safekeeping for your parents.
I agree.Unless you are in severely tight financial circumstances, I doubt that it's worth fighting over those amounts.
And, even if you are, it might still not be worth the time, effort, stress etc.
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