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Administrator ... of an Executor ... advice please
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Crocett
Posts: 5 Forumite
Hi
I wonder if anyone could offer me some advice please.
My grandmother died around 20 years ago. Although both my mother and myself were named in the will as executors it was my mother who did all the probate work and she was thus officially named as Executor by the probate registry. She duly and promptly administered the estate and the rest is history. Or so I thought.
I am now in the position of needing to administer my mother's estate following her death. I am getting everything ready for probate and have almost finished sorting through the boxes and boxes and boxes of paper work she left behind! Everything seems clear cut with one exception.
Within all this paperwork was an investment in a Trust that is still in the name of "The Administrator of <grandmother>". I can only assume this was an oversight of my mother's because I don't know why she would have left this just sitting there. It is still a valid investment and therefore has some value.
But what is the situation now? With my mother dead she can obviously no longer deal with this. If I am effectively going to be the Administrator of an Executor/Administrator do these naturally pass down the line for me to now add to my mother's probate? But will there by complications when I try and realise the value of the Trust holdings for the estate beneficiaries? Or if I was named in my grandmother's will as Executor (albeit I did not partake in her probate) can I / should I deal with these completely separately?
Any advice very gratefully received!
I wonder if anyone could offer me some advice please.
My grandmother died around 20 years ago. Although both my mother and myself were named in the will as executors it was my mother who did all the probate work and she was thus officially named as Executor by the probate registry. She duly and promptly administered the estate and the rest is history. Or so I thought.
I am now in the position of needing to administer my mother's estate following her death. I am getting everything ready for probate and have almost finished sorting through the boxes and boxes and boxes of paper work she left behind! Everything seems clear cut with one exception.
Within all this paperwork was an investment in a Trust that is still in the name of "The Administrator of <grandmother>". I can only assume this was an oversight of my mother's because I don't know why she would have left this just sitting there. It is still a valid investment and therefore has some value.
But what is the situation now? With my mother dead she can obviously no longer deal with this. If I am effectively going to be the Administrator of an Executor/Administrator do these naturally pass down the line for me to now add to my mother's probate? But will there by complications when I try and realise the value of the Trust holdings for the estate beneficiaries? Or if I was named in my grandmother's will as Executor (albeit I did not partake in her probate) can I / should I deal with these completely separately?
Any advice very gratefully received!
0
Comments
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Forgot the official name but with executors there is a chain .
As long as you are the named executor in your mothers will you can act as her for her previous executor duties as she was the last executor.
Don't come across this situation often so not sure if anyone has experience.
probably to deal with the assets still in the previous estates both grants should be enough.
found it:
"chain of representation" is the term you are looking for
law is part of the estates act section 7
http://www.legislation.gov.uk/ukpga/Geo5/15-16/23/section/70 -
You are a star!
Thank you very much ... this helps greatly.
This 'chain of representation' covers my situation and is a relief as I thought I might have to otherwise jump through various hoops.0 -
You are a star!
Thank you very much ... this helps greatly.
This 'chain of representation' covers my situation and is a relief as I thought I might have to otherwise jump through various hoops.0
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