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.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Father’s Will & Step Mother

2»

Comments

  • mebu60
    mebu60 Posts: 1,803 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Jacquio90 said:
    The house was sold on agreement that the 25% was placed into an account or trust.  All I’m asking is am I at liberty to ask how much the 25% is minus fees is and where it has been placed.
    Yes, why would you not be. I would start with the conveyancer.
  • FlorayG
    FlorayG Posts: 2,209 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Jacquio90 said:
    The house was sold on agreement that the 25% was placed into an account or trust.  All I’m asking is am I at liberty to ask how much the 25% is minus fees is and where it has been placed.
    Ah, you didn't originally say it was sold with agreement, people were trying to find out if it had even been sold legally, which would affect the answers. If you are the executor then of course you are entitled to know where the money is and how much it is
  • Flugelhorn
    Flugelhorn Posts: 7,505 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Jacquio90 said:
    The house was sold on agreement that the 25% was placed into an account or trust.  All I’m asking is am I at liberty to ask how much the 25% is minus fees is and where it has been placed.
    I can't see how you wouldn't be able to know - you had to give permission for this to happen, have you spoken to the conveyancer / solictor?
  • Linton
    Linton Posts: 18,423 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    edited 16 October 2024 at 8:20AM
    Re my earlier post: Looking at the will it does take account of father not owning the house at the time of death - "shall fail to obtain a vested interest...".
  • Kynthia
    Kynthia Posts: 5,692 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Surely you should have gained control of these funds as soon as the solicitor put them in an account so that you can distribute them to the beneficiaries?
    Don't listen to me, I'm no expert!
  • RAS
    RAS Posts: 36,284 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Kynthia said:
    Surely you should have gained control of these funds as soon as the solicitor put them in an account so that you can distribute them to the beneficiaries?
    The will allows step mum to benefit from the investment of the capital. The OP only has access to the capital after certain conditions (may be her death) are met.
    If you've have not made a mistake, you've made nothing
  • Linton
    Linton Posts: 18,423 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    edited 17 October 2024 at 5:45AM
    RAS said:
    Kynthia said:
    Surely you should have gained control of these funds as soon as the solicitor put them in an account so that you can distribute them to the beneficiaries?
    The will allows step mum to benefit from the investment of the capital. The OP only has access to the capital after certain conditions (may be her death) are met.
    Have I missed something? Was the house sold before or after father died? If before then the will is not relevent.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.