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Inheriting a property and extending a lease

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  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The executors of the will are my auntie and uncle and the process is likely to take months?

    why do you think this?

    is there anything particularly complicated?

    If they plan to hand it over to a solicitor might it be better for the beneficiaries to the administtrration.
  • martindow
    martindow Posts: 10,570 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The executors of the will are my auntie and uncle and the process is likely to take months?

    why do you think this?

    is there anything particularly complicated?

    If they plan to hand it over to a solicitor might it be better for the beneficiaries to the administtrration.
    It will take weeks certainly and could extend to a few months. The paperwork needs to be done to apply for probate which involves valuing the the flat and getting together details of bank accounts and other assets. Then there is an appointment at an office to swear or affirm that it is true and complete. A few days later you get the final paperwork.

    Only after receiving this grant of probate can the flat be sold and money distributed.

    I bought out my sister's share of my father's house and it took over two months although I thought I was fairly quick and efficient.
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