Estate liability position?

getmore4less

ExecutorDee wrote: »

Also...estate considered to force sale to get away, as no way i want the link with sister and partner. trustee for bankruptcy was going to do this too so we did not proceed. Then trustee decided house in negative equity due to damage they have done vs fines from mortgage co so something was done about bankrupt paying £1 to trustee. I don't understand this bit. End result, house is not sold, estare is disbursed, mortgage may still apply to estate.

That does not seen right unless the estate is now the 100% owner of the property.

The mistake seems have been made earlier not making sure the property was transferred to the sis as you were not taking your inheritance

Brock_and_Roll

The OP (as Executor) took the cash from the Estate and distributed it to herself as (as a Beneficiary) whilst leaving an undischarged liability in the Estate - mortgage with house in negative equity.


If a solicitor genuinely gave a green light to all of this then it is utter incompetence - from the Bank's perspective this almost whiffs of fraud and I will bet my bottom dollar when will go after the OP.


OP - do NOT sign that indemnity letter from the solicitors.