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You do need to establish from the Equity release Company whether any percentage of the Sale proceeds are due to the deceased's next of kin.
I am guessing that there will be some monies due to the deceased's Estate- this is because, Letters of Administration is only required where a property or other assets were registered in the name of the deceased. Therefore, your relative's name must have still been on the Deeds to the property, and it would be normal for your relative or his/her next of kin to be entitled to some money from any Sale.
Have you beena ble to speak to them about this?
I hope this assists, and I look forward to hearing from you.
Hi My uncles released the house to the equity firm both are now deceased and I am entitled to 10% of sale of property according to the equity firm as I was named as beneficiary. Last remaining uncle died of various cancers and while he was ill someone removed monies from his bank until funds depleted this was found by social worker and police investigated as fraud but because my uncle could have been at the place monies were removed they found it impossible to continue. My mother was next of kin and topped up funeral costs that the insurance policy did not cover. My mother has since died. I have rang the solicitor that the equity firm are using and who contacted me and they advised getting an experts onion as they could not help due to conflict of interest. So I don't know what to do.
cheers,thanks. probably have to go to a solicitor as next of kin has since died.