Who is entitled to interest accrued

Kassie60

Margot123
The property completed a week ago, and new people have moved in. The probate solicitor did say today that she would speak to the senior partner to service they can release the funds from the property. The gentleman was 86 when he died and my friend is 80. It should all be very simple to deal with. So I guess if funds arecreleased she would have to sign a document to absolve the solicitors from any possible future claim.

Kassie60

Margot
I think they probably still are executors

Mojisola

Kassie60 wrote: »

It's not so much the money, it's the principal. But whatever the amount my friend should benefit it.

They will.

Get your friend to ask the solicitor if she can't find the information in the paperwork she would have been given by the solicitors before appointing them to do the estate work.

Kassie60

Thank you Mojisola

getmore4less

It should be detailed on the inventory and account.

Don't expect a lot.

macman

Given that your friend will inherit c.£250K, why are you so indignant about £150 or so of interest? The money will be in the client account, and interest will be paid at the rate stated in their terms of business, which the executors will have been supplied with. 6 months to obtain probate and wind up an estate is not unusual, and the solicitor should have given an estimate of the fees at the start.
If the bungalow has been inherited and then sold by the surviving partner, then it no longer forms part of the estate, but is a separate conveyancing transaction, which will be billed to your friend, not to the estate. Or do you mean that the property is being sold as an asset of the estate?