Executors duties when selling property

Keep_pedalling

I think the main problem your executors will have to deal with will be the ongoing management fees, so as long as your estate has sufficient assets to cover those for a couple of years then their life should not be made too difficult.

Olinda99

yes agree, it is the paying of the management fees after death that can prove costly

GDB2222

danco said:

Not at my age!! And not with decent facilities!! I definitely want to leave problems to others, not to have to deal with them myself. Even if my flat fetched zero moving here would still have been a good decision, comfort and convenience are more important than money for others

This made me chuckle, as I too am getting to an age when I want to simplify my life, not complicate it.

I don't think you should be too prescriptive in what you tell your executors in any memorandum. You have to trust them to act sensibly, and you don't want to fetter their flexibility.

Essentially, what you want to tell them is that they may be better off selling cheaply and quickly, rather than hanging on for top dollar. But, maybe it would be better to say that to the beneficiaries, so they don't expect too much? 

I haven't heard anything good about the 'buy it now' companies, and I can't see them paying much at all for a retirement flat with large outgoings.  

Cairnpapple

You may have done this already, but I'm wondering if these instructions may be even more relevant to share with whoever would be your POA if you were to lose capacity and need to go into a care home. It would give them some evidence of how you would prefer things to be managed. 

danco

Thanks to @cairnpapple and @GDB2222 . I agree with both of you, and have already done so