Inheritance holdup.

ipri

Hi...my late uncle's house has eventually been sold...this finishes all the legal side of things....young couple have got the keys to move in.My 2 kids are in line to receive some money.Is there an average time between this legal stuff and the money being distributed?.....if the money is in the solicitors account..can he not just get things finalised? thanks.

dzug1

The solicitor may (no - will) wish to advertise for creditors if he hasn't already done so. I would hope he has though. If he hasn't that could introduce a month plus wait.

If he has then it shouldn't be that long - a week or two perhaps. Solicitors never 'just' do anything.

And he will pay any outstanding debts first. Maybe a week or two is optimistic

SliAbhaile

Patience.

An aunt of mine died in September 2008, we beneficiaries are still waiting for final distribution.

Her estate was complicated: house to sell, shares in several countries to sell (meaning obtaining probate in several countries), complicated tax affairs where her tax returns for the years immediately before her death were a mess.

Soon, soon, I keep telling myself.

ipri

I understand that the house sale was the very last detail to be dealt with in an otherwise uncomplicated will....thanks.

System

"uncomplicated" and solicitors? Some mistake there.

I'm dealing with two different solicitors over two unrelated matters at present, and have been for 2 years.
Lessons learned:

When a solicitor says a week it means a month.
When a solicitor says a month it means a year.
Nothing is ever straightforward.
If they need a particular document at some stage in a process, they will never ask for it in advance, but wait until it has held up proceedings.
They will never do anything on their own initiative - look up an address in Google, verify a bank sort code, tell you if they need something.
If they post something but don't get reply, they wait until you ask them before they think of chasing it.

You need to keep chasing them, weekly, for progress, otherwise your case goes to the bottom of the pile for a few more months.

But don't worry, they are very very efficient at sending out their bills.

meggsy

This has happened recently in our family, the solicitor is now approaching the final accounts stage, but the money from the sale of the house was received by the executor of the Will the day the new owner took possession in October.

Gra76

Don't hold your breath on getting any money soon. My maternal Grandmother died in 2003 and the solicitors are still messing about with the figures. Christ knows what they're actually doing. My mum calls them every 2-3 months to ask if they're any closer to sorting it out but it seems they're using the file as a doorstop as nothing has progressed in years.

She put a written complaint to them in writing, so we'll see if anything else happens. Mind you, that was early this year and they didn't even bother to reply....

Hope your solicitors are better!

SliAbhaile

Clifford_Pope wrote: »

When a solicitor says a week it means a month.
When a solicitor says a month it means a year.

It sounds like we are using the same firm.

barak

I obviously don't know if this applies to any of the above cases, but nobody should ever appoint a solicitor or other professional as an executor, simply because -
[1] they will quite legitimately charge a fee for being an executor before they even start work and
[2] other executors can appoint a solicitor of their choice to help if they need assistance and can also sack him/her if they are not getting reasonable service.

Who told me this? My solicitor.

theoretica

I got inheritance in about four separate payments between about 6 months and year after my granny died.

xtinataguba

you need to be patient my dear. maybe a week or two,