We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Distribution of assets

FOREVER21
FOREVER21 Posts: 1,729 Forumite
Energy Saving Champion I've been Money Tipped!
Don't know if this is correct board but can not think where else to post.

I am an administrator for the estate of a deceased relative who died without leaving a will.
A company specialising in tracing relatives, have contacted us advising that they have "found"a number of relatives and that these have signed up with the company authorising them to act for them.

I have been informed by the company that I should send final account details of the estate to them, they will then send an invoice for their fee and vat due which I should send to them before sending the remaining funds to the beneficiaries.

My question is I am quite happy to send the money direct to the relatives but I don't feel inclined to do the work for the company and think they should get the fees themselves from the relatives.

The relatives have signed a form for the tracing company authorising me to send money to the company(I have seen a copy of the forms) but I have not entered into any agreement with the tracing company and so I don't think legally they can ask anything of me?

Any legal beagles out there have views on this?

Comments

  • Shelldean
    Shelldean Posts: 2,449 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Post on the probate board. A sub section of this one
  • mountainofdebt
    mountainofdebt Posts: 7,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    whilst Shellean's answer is techinically correct, it might have been politer to suggest the post was moved but hey ho.

    The only reservation I would have is are these relatives entitled to the money and how confident are you that the firm have found the correct relatives (if that makes sense).
    2014 Target;
    To overpay CC by £1,000.
    Overpayment to date : £310

    2nd Purse Challenge:
    £15.88 saved to date
  • FOREVER21
    FOREVER21 Posts: 1,729 Forumite
    Energy Saving Champion I've been Money Tipped!
    whilst Shellean's answer is techinically correct, it might have been politer to suggest the post was moved but hey ho.

    The only reservation I would have is are these relatives entitled to the money and how confident are you that the firm have found the correct relatives (if that makes sense).

    I knew of the existence of the relatives before the tracing company contacted me, but they also sent me proof of their identity and link to the deceased.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.