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Executor excluding benificiary
Comments
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that is precisely why one should never appoint a member of family as executor if there is the remotest possibility of beneficiaries arguing over what to do as a family member is not detached and impartial.
under b) the boys did NOT decide. The executor took the decision, a decision you disagree with, but that does not mean it was the wrong decision.
Why your uncle made such a decision is a matter for him to justify. If you disagree with it then the only thing you can do is sue your uncle and let a court assess whose was the best offer which an executor must accept: yours or the outsider's.
the way to make sure that assessment is in your favour, and therefore that your uncle cannot do anything other than accept your offer, is to make sure your offer is THE BEST
ok thank you..0 -
There is one question that I don't think there is an answer to yet? Because a house is only worth what someone will pay for it. How did the OP work out what to offer in terms of what the 1/3rd value is? Did the executors have to market the property first or was it based on the probate valuation?0
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There is one question that I don't think there is an answer to yet? Because a house is only worth what someone will pay for it. How did the OP work out what to offer in terms of what the 1/3rd value is? Did the executors have to market the property first or was it based on the probate valuation?
The house was valuated as part of the probate..(by the estate agents)
then the house was put on the market (for a market price by the estate agents)
then whilst I worked with the mortgage advisor we sent out a surveyor and a seperate valuation was made..
the price that was best to offer was a combination of the houses value (and whats the least we could offer) vs what it was on the market for taking into consideration affordability for myself.
Its on the market for much more than its worth...0 -
As already asked by others what happens if you don't get the mortgage?It's nothing , not nothink.0
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parkrunner wrote: »As already asked by others what happens if you don't get the mortgage?
they continue to work on finding me a mortgage ...worst case scenario I accrue more interest than originally anticipated..but I still buy the house at a lesser cost than a mortgage elsewhere...0 -
Your point being?
You asked the OP to substantiate her claim of abuse. In fact, you said her claim of abuse was all BS. While acknowledging that arrests don't always mean the accusation is true, on a forum like this where we're not privy to anything more than what the OP tells us I would say the brother being arrested for assaulting her substantiates that claim.0 -
The house was valuated as part of the probate..(by the estate agents)
then the house was put on the market (for a market price by the estate agents)
then whilst I worked with the mortgage advisor we sent out a surveyor and a seperate valuation was made..
the price that was best to offer was a combination of the houses value (and whats the least we could offer) vs what it was on the market for taking into consideration affordability for myself.
Its on the market for much more than its worth...
A house is worth what someone will pay for it not what it is valued at. So how does you offer relate to the offer that the other people made? If you pay your money over tomorrow will your brothers get exactly what they would get from the other people? Forget the estate agents fees. Does your offer exceed what the other people are offering? What you need to understand is that you have got to complete before the other people can. You can't wait for a couple of months until you have got your 2 extra pay slips. You have to offer more and complete quicker. The best offer is the highest one and the one that completes the fastest it isn't just to do with money. If you can't wait for 2 months to get your extra payslips do you understand that you may not be offered a mortgage? You may not be offered a mortgage even if when you get the payslips.0 -
they continue to work on finding me a mortgage ...worst case scenario I accrue more interest than originally anticipated..but I still buy the house at a lesser cost than a mortgage elsewhere...
You are assuming wrongly I believe that someone somewhere will give you a mortgage. It isn't as simple as this. What are you going to do if you have to repay the bridging loan and you cannot get a mortgage?0
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