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What happens if all executors renounce?

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  • RASRAS Forumite
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    Part of the Furniture 10,000 Posts Name Dropper
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    Both our executors renounced, and my sibling and I applied for and were grant letters of administration (with will). If all the beneficiaries are happy for the other sibling to apply, that is a possibility.

    The other options are that the executor son ask his sibling to undertake the work involved in administering the estate, and the estate reimburses the sibling the normal costs, but the executor son actually applies for probate. Simply signing a form witnessed by a solicitor.

    In our case I'd actually put together a file detailing 95% of the financial information need to apply for probate before we'd even found the executors of the very old will. That's actually the hardest part. And apart from one account little else financial was needed to complete the application. 
    The person who has not made a mistake, has made nothing
  • sol_87sol_87 Forumite
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    Sixth Anniversary First Post Combo Breaker
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    RAS said:
    Both our executors renounced, and my sibling and I applied for and were grant letters of administration (with will). If all the beneficiaries are happy for the other sibling to apply, that is a possibility.

    The other options are that the executor son ask his sibling to undertake the work involved in administering the estate, and the estate reimburses the sibling the normal costs, but the executor son actually applies for probate. Simply signing a form witnessed by a solicitor.

    In our case I'd actually put together a file detailing 95% of the financial information need to apply for probate before we'd even found the executors of the very old will. That's actually the hardest part. And apart from one account little else financial was needed to complete the application. 
    Thank you RAS, this is really helpful.
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