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Executor nightmare

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  • Marcon
    Marcon Posts: 14,453 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Thank you for all your comments.  My ex had a conversation with his brother and told him to get out and leave me alone.  We'll see what happens.  

    When I was at the house yesterday I removed the last of the furniture so I'm hoping that'll stop the bil staying?!

    I'm worried about the legal route of removing the bil because there is not a lot of money in the estate.  I think each beneficiary should walk away with about £30,000 and I'm guessing the legal route would take a massive chunk of that? I'm very grateful to my mil for leaving me in her will but honestly, I would happily walk away with nothing. My biggest concern is that there is a £90,000 loan owed on the house (they released equity) and I have no doubt if my bil has access to the house money, he'll take it all and I will be left with responsibility for that debt?
    Get some legal advice at the earliest opportunity. This is even messier/riskier than your original post suggested and you need to protect yourself, both in your role as executor and personally.

    Comments here might be well meaning, but you are well past that stage.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • msb1234
    msb1234 Posts: 613 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    i have just sold my mums house which had equity release on it. When the funds from the sale landed I the solicitor’s account, they paid off the equity release, estate agent fees and their own fees before transferring the balance to my bank account.
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    My biggest concern is that there is a £90,000 loan owed on the house (they released equity) and I have no doubt if my bil has access to the house money, he'll take it all and I will be left with responsibility for that debt?
    There'll be a charge on the property securing the debt. It has to be settled for the sale to completed. 
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