Grandmother's property

Bigphil1474

OP, after your grandmother dies, as Executor you will be able to deal with the will, settle the estate , and follow your grandmothers wishes. As joint executors, you will manage her estate so if both executors are happy, then you can buy the property at market value and share out the proceeds amongst the beneficiaries.

As above, it will have to go through probate. You can do this yourself. I did it for my dads estate last November. If her only asset is the house, then there shouldn't be any inheritance tax to pay. It's a fairly simple online process - make sure there is a written will. Once probate is granted, you can buy the house and the house purchase money goes into the estate,  and distributed as per the will, less any costs. As others have said, make sure the money you have spent is properly recorded, otherwise the cousins will be asking why they aren't getting 50k each. From what you have said, the rent from the house will be part of her estate as well.

When it does come to sorting out the estate - I was executor along with my step-sister for my dads estate - my stepsisters mum died a few years before. I also have 3 brothers, and the 5 of us basically shared everything in the will. My best tip is to keep everyone updated on what is happening so that nobody is unclear on the process. As someone mentioned above, when money is involved in can cause people to become very suspicious. As Executors, we shared pictures of bank statements, bills, accounts etc. to all beneficiaries so that they knew we were doing things properly and fairly. We kept all the receipts and letters etc. so there was a clear audit trail that we didn't fiddle anything.