Charity Legacies
Briskly
Posts: 88 Forumite
Does anyone know whether, if charities are majority beneficiaries in a will and the executors decide to revoke their roles, whether the charities automatically become executors and, importantly, whether they appoint their own solicitors to administer the estate, racking up costs by a possibly unknown amount? Any help appreciated as this is a bit of a grey area. I'm reluctant to ask the charities directly at this point!
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Does anyone know whether, if charities are majority beneficiaries in a will and the executors decide to revoke their roles, whether the charities automatically become executors and, importantly, whether they appoint their own solicitors to administer the estate, racking up costs by a possibly unknown amount? Any help appreciated as this is a bit of a grey area. I'm reluctant to ask the charities directly at this point!0
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Thanks for your help. If one of the revoking executors is also a beneficiary can they have a say in which solicitors are appointed? The main reason for revoking is to avoid all the hassle of having charities on your back and suing if anything goes wrong - have been told of many horror stories including being sued if the charities have to pay capital gains tax on a property if it increases in value. It seems if the executors appoint their own solicitor they can still be sued as they still have responsibility for the estate.0
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Thanks for your help. If one of the revoking executors is also a beneficiary can they have a say in which solicitors are appointed? The main reason for revoking is to avoid all the hassle of having charities on your back and suing if anything goes wrong - have been told of many horror stories including being sued if the charities have to pay capital gains tax on a property if it increases in value. It seems if the executors appoint their own solicitor they can still be sued as they still have responsibility for the estate.0
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