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  • FIRST POST
    • gll5dm
    • By gll5dm 9th May 17, 9:51 AM
    • 54Posts
    • 13Thanks
    gll5dm
    Very difficult situation regarding grandmother's will
    • #1
    • 9th May 17, 9:51 AM
    Very difficult situation regarding grandmother's will 9th May 17 at 9:51 AM
    Hi all,

    I’d appreciate any advice anybody may have on this. It will be quite longer winded, so thanks in advance if you’re prepared to read and reply.

    My grandmother died 20 years ago and left money to her daughter (my mother), and her four grandchildren (me, my two brothers and the son of her second husband’s son whom she didn’t know).
    When she died – and I don’t know how it happened – the solicitor in charge of her will told us we had all been left X amount. Let’s say 30k each for the sake of argument. This money would only be accessible for those under 25 (everybody apart from my mother) if there was a valid reason, for example a school trip, a first car, study fees, etc.

    It couldn’t just be given out willy-nilly, so to speak, aside from my mother’s share which she was given right away and used for home improvements and a nice family holiday.

    The fourth grandchild that my grandmother didn’t know was left twice as much as her own daughter, as, prior to the death of my grandmother’s second husband, he’d had a huge argument with his son and cut him out of the will and left that share to his grandson, essentially giving him two shares and everybody else one.

    This went on for a decade, before the solicitor retired and passed it on to a different company, who then told us the conditions were actually completely different, and that the money was being saved in “stocks and shares” and was being kept in a fund, not divided up between everybody but rather available for everybody to access if they had a valid reason, which I find completely crazy.

    The parents of the fourth grandchild were given permission to take an interest-free loan of 30k from the will around 10 years ago, and have seemingly only just paid it back recently, while the final two grandchildren (the fourth one plus my younger brother) will turn 25 next year. Once this happens, I have been told by the solicitor, any funds remaining will be split four ways between us.

    I have also been told that those over 25 cannot access any further funds until the final grandchild reaches 25, so myself and my older brother essentially need to sit and wait and see whether the fourth grandchild makes a request for further funds, even though he’s received far, far more than even my grandmother’s only child.
    We assume he’ll be doing all he can do drain as much from what remains (around 40k) in the fund, in the knowledge that once he passes 25 he’ll have to do as we are doing now, which is sit and wait for my younger brother to turn 25 which happens a few months later next year.

    Does anybody have any advice here? This guy has received an awful lot of money from the will of a grandmother he didn’t even know, while my mother who has been scrimping and saving for years could end up without a further penny from what her mother left behind.

    We need to somehow get access to these funds to stop this guy from draining even more than he already has. It appears my younger brother is the only one who can access them, given that only he is under 25. I’d love nothing more than to be able to hand my ‘share’ of what’s left over (currently around 10k per person) to my mother, but know this fourth grandchild can request funds for another year over and over again until there is nothing left.

    Thanks for any advice and tips.
    Last edited by gll5dm; 09-05-2017 at 10:00 AM.
Page 5
    • Jenniefour
    • By Jenniefour 16th Aug 17, 2:54 PM
    • 1,109 Posts
    • 1,083 Thanks
    Jenniefour
    Maqke a formal complaint NOW under her firm's complaints procedure.
    Originally posted by Yorkshireman99
    Yep, it appears this is being kicked into the long grass. A formal complaint should get things moving. Ask the firm for their complaints procedure, if you don't have it. It will tell you who to complain to etc. Might be on their website.
    Last edited by Jenniefour; 16-08-2017 at 3:09 PM.
    • gll5dm
    • By gll5dm 17th Aug 17, 2:41 PM
    • 54 Posts
    • 13 Thanks
    gll5dm
    She claimed to my brother that she needs to find out whether the money set to be distributed is taxable or not. Ermmm!
    • Malthusian
    • By Malthusian 17th Aug 17, 2:49 PM
    • 2,885 Posts
    • 4,126 Thanks
    Malthusian
    That will be a straightforward calculation which should not take a month.

    Have you made a formal complaint to the firm?
    • Yorkshireman99
    • By Yorkshireman99 17th Aug 17, 3:08 PM
    • 2,972 Posts
    • 2,323 Thanks
    Yorkshireman99
    She is being economical with the truth. Have you lodged the complaint yet? What is stopping you?
    • Jenniefour
    • By Jenniefour 17th Aug 17, 4:42 PM
    • 1,109 Posts
    • 1,083 Thanks
    Jenniefour
    Get your complaint in. It doesn't take a month to do a tax calculation, that appears like another stalling tactic to me.
    • gll5dm
    • By gll5dm 18th Aug 17, 12:37 PM
    • 54 Posts
    • 13 Thanks
    gll5dm
    Yes, I've emailed the company to enquiry about their complaints procedure and have outlined my grievances. Awaiting a reply!
    • gll5dm
    • By gll5dm 21st Aug 17, 4:15 PM
    • 54 Posts
    • 13 Thanks
    gll5dm
    Received a reply from their managing director stating that he's forwarded my complaint on to the solicitor involved and if we are unable to sort it between ourselves in a timely manner to my satisfaction then I should get back in touch for him to kick off an official complaint. Can't ask for fairer than that I say. Maybe this will be the kick up the !!!! the solicitor needs. Three months waiting is an absolute joke.
    • Yorkshireman99
    • By Yorkshireman99 21st Aug 17, 4:56 PM
    • 2,972 Posts
    • 2,323 Thanks
    Yorkshireman99
    Received a reply from their managing director stating that he's forwarded my complaint on to the solicitor involved and if we are unable to sort it between ourselves in a timely manner to my satisfaction then I should get back in touch for him to kick off an official complaint. Can't ask for fairer than that I say. Maybe this will be the kick up the !!!! the solicitor needs. Three months waiting is an absolute joke.
    Originally posted by gll5dm
    Keep the pressure on them!
    • Malthusian
    • By Malthusian 22nd Aug 17, 9:22 AM
    • 2,885 Posts
    • 4,126 Thanks
    Malthusian
    Received a reply from their managing director stating that he's forwarded my complaint on to the solicitor involved and if we are unable to sort it between ourselves in a timely manner to my satisfaction then I should get back in touch for him to kick off an official complaint. Can't ask for fairer than that I say. Maybe this will be the kick up the !!!! the solicitor needs. Three months waiting is an absolute joke.
    Originally posted by gll5dm
    I would point out that she has already been given more than enough time to resolve the issue in a timely manner, and insist on it being treated as a formal complaint now.

    If she was capable of getting it resolved in a timely manner you would not have complained in the first place.
    • gll5dm
    • By gll5dm 22nd Aug 17, 9:44 AM
    • 54 Posts
    • 13 Thanks
    gll5dm
    Keep the pressure on them!
    Originally posted by Yorkshireman99
    Don't worry, I will!
    • Polmop
    • By Polmop 15th Sep 17, 3:52 PM
    • 541 Posts
    • 761 Thanks
    Polmop
    Hiya
    Any update or are they still dragging their feet
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