1. To answer your questions as you asked them. Firstly, whilst executors should place monies in a deposit account which might earn interest, nowadays, as most short term deposit accounts don't earn much interest, an executor won't be penalised merely because the monies on deposit don't earn interest. So long as the executor (not the solicitor) keeps the monies safe and earns whatever little bit of interest is possible, that is all that will be expected.
2. There is no Statute of Limitations for looking for beneficiaries.
3. It is the administrators, not the solicitor, who decides what expenses will be paid. Accordingly, once the Administrators decide that the expenses should be paid, the solicitor has no role in preventing them claiming them. Here, it does not matter that the expenses are not backed up by documentary evidence. Once the administrators can lawfully claim them, then they may be claimed.
4. Please Rate the answer as unless you Rate the answer your Expert will receive no payment for answering your question.
5. Here the administrators mistake the nature of being an administrator. It is an unpaid voluntary office. Here, the claims made by the administrators far exceed what can be called "expenses". Accordingly, these "expenses" do not fall within what the administrators can lawfully claim as I indicated in my earlier response. So, the solicitor is correct in calling a halt to what they claim. The matter can be entered in court by a beneficiary or by the solicitor under a constructive summons seeking the court's direction as to what is a lawfully valid expense. This will deal with the matter.
6. Yes, interest is paid to the estate from the solicitor's client account. As I indicated earlier, whatever interest is earned by the solicitor on deposit must be paid to the estate.
7. Dear Jean, You can make a complaint about the conduct of the solicitors but that is a bit like biting the hand that feeds you, as these were the people who found you and the reason you are benefitting from the estate. I would hold off on complaining about the solicitors until they deal with the administrators. Additionally, it definitely seems that the administrators mistake the nature of the their office. As they were "compelled" to act, they seem to regard it as a salary paying job! It would have been better if you had been the administrators yourself, or else someone you trusted.
8. Be aware that if you are unhappy with any of the issues arising in the Administration of the Estate, you can put down a constructive Summons and have Court issue Directions as to what should happen and what should be the appropriate fees taken by either the administrators and the solicitors.