We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Power reserve

Options
My sister and myself are joint executors. I signed a paper giving her permition to carry out paperwork on my behalf.  I have power reserved.ive asked for documents to be sent to me as an update on all thing regarding my father's estate. I was told by her I no longer had the right to see these receipts.is this correct ?. She also says my father left her extra money from this estate but no paperwork can confirm this.  Can she just take out extra money if she pleases
The will states to be split equally after bill are settled. But she has the bank account that money from my dad's estate gone into . So far I'm stuck with no power to stop her.. any advice . Please 
«1

Comments

  • Keep_pedalling
    Keep_pedalling Posts: 16,965 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Options
    Do you have a copy of the will?
  • anoshka
    anoshka Posts: 6 Forumite
    Photogenic First Post
    Options
    Yes and copy of probate
  • Keep_pedalling
    Keep_pedalling Posts: 16,965 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Options
    If the will does not mention this extra inheritance then it does not exist. As a residuary beneficiary you are now entitled a set of estate accounts as well as 50% of the estate. If she tries a money grab then I am afraid I would tell her in no uncertain terms that you will take legal action if she attempts it.
  • anoshka
    Options
    Yes this is what I've been reading on the Internet.but she has a law unto herself .and dose not like to be told . I'm glad you have told me this information. It would seem I'm better off not applying for probate myself as It would appear I am liable as executor  both can be responsible for each others actions .I will remain as a beneficiary. I think I'm better protected by the law. Thanks so much for your advice .I hope in the near future I can give you better news . Ps she has sold many of my dad's items .car .TV.computers. dose this money have to be put back into my dads estate .as she has already spent it . Thankyou .
  • RAS
    RAS Posts: 32,948 Forumite
    Name Dropper First Anniversary First Post
    Options
    Everything she sells has to go into the estate. She can charge the estate for things like postage and photocopying but not her time.
    The person who has not made a mistake, has made nothing
  • anoshka
    anoshka Posts: 6 Forumite
    Photogenic First Post
    Options
    I did speak to a solicitor today my free 30 mins . Got some great advise too. Looks like she in lots of trouble . I'm going to keep you updated so other people can see what happens .  Thanks for your interest and advice . It's nice to know there are people like you out there helping . Xxx
  • Mojisola
    Mojisola Posts: 35,559 Forumite
    Name Dropper First Post First Anniversary
    Options
    Sounds as if you need to become an active executor again.
  • Newly_retired
    Options
    Are there any formalities to go through to step up again after renouncing?
  • anoshka
    anoshka Posts: 6 Forumite
    Photogenic First Post
    Options
    I have to apply for a form from probate it's called an order .for her to supply accounts on my father's estate. Also affidavit.this is the first step 
     The solicitor says regardless of my power reserve. I'm still an executor .I can step in at any time. If my letter to her dose not work .a solicitor will Write one for me. A cost of approx £600.3 hours work . Money I do not have .
  • anoshka
    anoshka Posts: 6 Forumite
    Photogenic First Post
    Options
    Ps I have not renounced my executorship.only power reserved. 
Meet your Ambassadors

Categories

  • All Categories
  • 12 Election 2024: The MSE Leaders' Debate
  • 344.2K Banking & Borrowing
  • 250.4K Reduce Debt & Boost Income
  • 450.1K Spending & Discounts
  • 236.3K Work, Benefits & Business
  • 609.7K Mortgages, Homes & Bills
  • 173.5K Life & Family
  • 248.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards