Probate sale and insurance

getmore4less

was the solicitor the executor or employed by them?

this seems to be unnecessarily complicated and costly.

the house could have been on the market unless it is in a fast rising area or you are going to keep it you will loose money.

if you want to keep it for a while get someone in to cover the cost

madbadrob

Firstly the solicitor will place an ad in the London Gazette and the local paper to where the deceased lived. This gives anyone with a debt against the estate 6 weeks to come forward. Why the solicitor says 6 months is beyond me other than to rack up more expenses against the estate. You need to clarify why they say 6 months.

The fact the property is Grade 2 (is its 2*) listed is why getting insurance is so hard. It is hard enough to get if you are living in it. Insurers dont like the risks involved with 2* properties

Rob

dzug1

Many solicitors will do nothing for 6 months after probate - sometimes not even collect money in. It's to protect themselves from claims and the possibility they have been fed duff gen by relatives.

purple_haze

Firstly the solicitor will place an ad in the London Gazette and the local paper to where the deceased lived. This gives anyone with a debt against the estate 6 weeks to come forward. Why the solicitor says 6 months is beyond me other than to rack up more expenses against the estate. You need to clarify why they say 6 months.

6 months from the date of the grant is the time limit for bringing a claim under the Inheritance (Provision for Family and Dependants) Act 1975 so a prudent executor would wait until the expiry of this time before distributing the estate. How this would enable a solicitor to 'rack up more expenses against the estate' is not immediately apparent.

And the minimum notice period for creditors to come forward in response to a Trustee Act advertisement is 2 months, not 6 weeks.

BobQ

OP. Does the Will appoint the solicitors as executors or does it appoint someone else as executors and they have asked the solicitor to act from them. If the former it is for the executor (solicitor) to make these arrangements to sell. If the latter it is the executors job. Asking a solicitor to sort out insurance is not a particularly good use of their time and is expensive.