how long to draw up estate accounts after house sale?

teabag29

I wonder if anyone could advise me. Basically my late mother left her house to us children in her will (to be sold and shared equally). my siblings have no contact with me and nor do they wish to (long story but i was adopted by my mother who biologically was actually my aunt, they never accepted me).

I contacted the solicitor to see what stage the sale was at seen as my siblings refuse contact with me, he replied saying that the completion of the sale should take place shortly (it actually sold back in November but we were awaiting the contract to go through) and then we shall have to draw up estate accounts and they will have to be verified, he shall let me know asap regarding distribution of the estate.

I'm not really sure what he means by estate accounts, could anyone give me a rough timing as to how long that takes (i.e. is it likely to be weeks or more likely to take several months?).

Advice appreciated

PeacefulWaters

It depends how quickly the executor does it.

Who is the executor?

pendragon_arther

As above and it also depends on how efficient the solicitor is. I unfortunately chose an absolute wally of one and the process took just over a year.

teabag29

on mums will it says she wants her son (my brother) and also the solicitor to act as executors

no1catman

And, just to be clear you are all 'named' on the will, not just referred to as my children - so that the estranged siblings can't argue that it only applies to the biological children!?


The Estate accounts will be completed at some point, when all assets attributable can be listed on a value basis - any valuables either sold, or distributed in a 'fair' way (often who can grab first).
It will be a legal document - it may need to be submitted to the Inland Revenue if applicable for IHT.
But once the figure is arrived at in a cash form, cheques can be made out in accordance with the will and distributed.


As your brother, doesn't want to know, get an estimate of when it may be ready - (when do think I should call again?) - from the solicitor.


Good luck

teabag29

Thankyou and yes we are all named