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Maybe problems of an executor
Comments
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What do you think your husband has signed agreeing to take on this work?As far as I know, no signature is required. Unless (and forgive me if I am wrong) you are thinking of a POA?2
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Pretty sure it was a Will. Its been a few years since it was signed but he definately signed it.
I'm sure it was said recently the kids have Power Of Attorney between them (to stop them arguing he said). Thinking about it, why couldn't he have appointed them executors of the Will?0 -
I've just discovered a deed of renunciation PA15 must be signed, to renounce the role of executor on the government website.
Thanks for your input.0 -
jittersandbang said:Pretty sure it was a Will. Its been a few years since it was signed but he definately signed it.
I'm sure it was said recently the kids have Power Of Attorney between them (to stop them arguing he said). Thinking about it, why couldn't he have appointed them executors of the Will?I've just discovered a deed of renunciation PA15 must be signed, to renounce the role of executor on the government website.
Thanks for your input.1 -
I think you really need to establish what your husband has signed - it certainly wouldn’t have been the Will.Given he has already indicated he doesn’t want to do the job and it doesn’t sound as if he is a beneficiary either, then walk away when the time comes without feeling bad about it. And, yes, at that point complete the PA15 before he has touched anything so he is not deemed to have intermeddled at all. The Will also sounds like one that might create conflict so another reason to walk away.1
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I would remind the relative that if he has left his house to one person and his insurance to another, then all his debts plus funeral expenses will likely have to be paid out of the proceeds of the house sale, so the person named as the beneficiary of the house will only get a proportion of the proceeds.
In addition, you mention that one beneficiary is on benefits. The likelihood is that if those are means tested benefits such as Universal Credit, then any inheritance they receive over £16K will reduce or even stop those benefits.Perhaps it would be wise for the relative to see an actual solicitor to write a new will taking all of this into account. Can your husband not help him with this?1 -
Maybe your husband signed the Will as a witness not an executor.
It's normal for a will to be witnessed by 2 people.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.1 -
msb1234 said:I would remind the relative that if he has left his house to one person and his insurance to another, then all his debts plus funeral expenses will likely have to be paid out of the proceeds of the house sale, so the person named as the beneficiary of the house will only get a proportion of the proceeds.
In addition, you mention that one beneficiary is on benefits. The likelihood is that if those are means tested benefits such as Universal Credit, then any inheritance they receive over £16K will reduce or even stop those benefits.Perhaps it would be wise for the relative to see an actual solicitor to write a new will taking all of this into account. Can your husband not help him with this?
OP the relatives don't pay for the funeral, it comes out of the deceased's estate. It seems pretty clear the house will need to be sold to cover this and the debts so the will is a mess. A simple will written by a real solicitor wouldn't be expensive and a solicitor will mention all the possible pitfalls that seem to have been neglected here1 -
jittersandbang said:
I'm sure it was said recently the kids have Power Of Attorney between them (to stop them arguing he said). Thinking about it, why couldn't he have appointed them executors of the Will?1
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