We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Conflict of interests by administrator
Options
Comments
-
I wasnt relating to my point in general I was relating to a number of posts that were in the thread.
RobActually the comments on this thread are incorrect.
Now, what exactly is the problem?You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0 -
The benifitiaries have priority with intestate estates.
No they don't any body can administer an intestate estate so long as they follow the rules of intestacy
The executor can only use resources from the estate wholly and necessarily for the administration of the estate.
No he cannot he can only take out of pocket expenses from an estate unless he is a professional body such as a solicitor It may be (just about) legitimate for him to buy items from the estate for his own use provided he pays the aoppropriate market value.
No he cannot.
But I don't see how he can be administrator anyway without being a beneficiary. The Probate Office wouldn't allow it - normally anyway
Probate Office will allow anyone to administer an intestate estate so long as they follow the rules of intestacy and can prove who the beneficiaries are.0 -
The benifitiaries have priority with intestate estates.
No they don't any body can administer an intestate estate so long as they follow the rules of intestacy
The executor can only use resources from the estate wholly and necessarily for the administration of the estate.
No he cannot he can only take out of pocket expenses from an estate unless he is a professional body such as a solicitor It may be (just about) legitimate for him to buy items from the estate for his own use provided he pays the aoppropriate market value.
No he cannot.
But I don't see how he can be administrator anyway without being a beneficiary. The Probate Office wouldn't allow it - normally anyway
Probate Office will allow anyone to administer an intestate estate so long as they follow the rules of intestacy and can prove who the beneficiaries are.
Your objections/corrections are very muddled and are likely to confuse people.
The correct information has already been given in the link I provided in post #7. See bottom of page 2 in guidance PA2.0 -
The benifitiaries have priority with intestate estates.
No they don't any body can administer an intestate estate so long as they follow the rules of intestacy.
The benifitiaries of an intestate estate do have priority to administer the estate.
http://www.lawsociety.org.uk/for-the-public/common-legal-issues/probate/
http://www.probate.co.uk/apply/entitled.asp
http://www.hmrc.gov.uk/inheritancetax/intro/probate-process.htm
http://hmctsformfinder.justice.gov.uk/courtfinder/forms/pa02-eng.pdf
I suspect you have missed out the step where the(a) benifitiary agrees to let someone else do it.0 -
Probate Office will allow anyone to administer an intestate estate so long as they follow the rules of intestacy and can prove who the beneficiaries are.
https://forums.moneysavingexpert.com/discussion/comment/59156221#Comment_591562210 -
It may be (just about) legitimate for him to buy items from the estate for his own use provided he pays the aoppropriate market value.
No he cannot.
Why not - his job is to sell the assets of the estate and distribute the proceeds. There's no restriction on who he can sell them to - including other beneficiaries.
It's of course better done openly and by agreement with all beneficiaries rather than just doing it - and establishing the value might be problematic0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards