Duties Of An Executor

Tromking

My Wife and our two children as per her deceased Mother`s will have just received monies from said Mothers house sale. Although along with the cheques they received they were furnished with a detailed breakdown of the expenses pertaining to the house sale, I was under the impression that a detailed breakdown of how the whole estate has been 'divvied up' is also due.
Am I right to be under that impression?

getmore4less

"Inventory and account" is what you are looking for.

List of all assets and cash flows.

Tromking

getmore4less wrote: »

"Inventory and account" is what you are looking for.

List of all assets and cash flows.

Really?
My wife is entitled to that info, yes?

BrassicWoman

Do you feel there has been impropriety? If not I'd tend to leave it, as it is stressful enough being an executor without feeling people don't trust you.

Yorkshireman99

Tromking wrote: »

My Wife and our two children as per her deceased Mother`s will have just received monies from said Mothers house sale. Although along with the cheques they received they were furnished with a detailed breakdown of the expenses pertaining to the house sale, I was under the impression that a detailed breakdown of how the whole estate has been 'divvied up' is also due.
Am I right to be under that impression?

Usually residuary beneficiaries are the only ones entitled to a detailed set of acounts. Of course an executor may give more information to other beneficaries but it is not compulsory.

Tromking

BrassicWoman wrote: »

Do you feel there has been impropriety? If not I'd tend to leave it, as it is stressful enough being an executor without feeling people don't trust you.

Obviously not here to be judged, merely trying to ascertain what is the norm and what is expected of an executor by law.
Any guidance gratefully received.

BrassicWoman

Tromking wrote: »

Obviously not here to be judged, merely trying to ascertain what is the norm and what is expected of an executor by law.
Any guidance gratefully received.

per yorkshireman above; if she were left a share of the house only, and has all accounts relating to the house, then she's done here.

Tromking

Yorkshireman99 wrote: »

Usually residuary beneficiaries are the only ones entitled to a detailed set of acounts. Of course an executor may give more information to other beneficaries but it is not compulsory.

In this case the Executor has been named in the will as the sole beneficiary of all the monies from the deceased's various bank accounts etc.
Does this qualify her (the executor) as being a residuary beneficiary?
There is no evidence of impropriety but its been like getting blood from a stone to get sight of the will and to have regular updates etc.
Even when a phone text photo was sent of the will, the parts pertaining to the executor were blanked out. We subsequently gained a copy of the will via the Government wills and probate service, so as to be fully informed.

Mojisola

Tromking wrote: »

Does this qualify her (the executor) as being a residuary beneficiary?
There is no evidence of impropriety but its been like getting blood from a stone to get sight of the will and to have regular updates etc.

Even when a phone text photo was sent of the will, the parts pertaining to the executor were blanked out. We subsequently gained a copy of the will via the Government wills and probate service, so as to be fully informed.

An executor doesn't have to keep beneficiaries informed with regular updates or give a copy of the will (those it's a bit pointless not to as a copy can be bought).

If your wife is happy that the house was sold for a fair price and the costs involved in the sale are reasonable, why does she want to know more?

Tromking

Mojisola wrote: »

An executor doesn't have to keep beneficiaries informed with regular updates or give a copy of the will (those it's a bit pointless not to as a copy can be bought).

If your wife is happy that the house was sold for a fair price and the costs involved in the sale are reasonable, why does she want to know more?

I'm sensing I've aroused the ire of a few former Executor`s on here.
I was merely asking what is required of an Executor by law, and that question appears to have been answered.
Thankyou everyone.

Yorkshireman99

Tromking wrote: »

In this case the Executor has been named in the will as the sole beneficiary of all the monies from the deceased's various bank accounts etc.
Does this qualify her (the executor) as being a residuary beneficiary?
There is no evidence of impropriety but its been like getting blood from a stone to get sight of the will and to have regular updates etc.
Even when a phone text photo was sent of the will, the parts pertaining to the executor were blanked out. We subsequently gained a copy of the will via the Government wills and probate service, so as to be fully informed.

Residuary beneficiary means the person who gets what is left after all specific bequest have been paid. Eactly what does the will say about a residuary benefiiary? I cannot understand why the executor should be so reticent.