Joshua. I have just lost my father, and he has made me sole beneficiary on his Will, but he has not only appointed me as Executor, but also the company Will Drafters Ltd as Executors. I know why he has done this, because he was obviously trying to help by getting someone else to deal with the burden of the estate. However, I have a meeting tomorrow with these people to go over my Father's Will etc. I doubt they realise that there's only some £40k equity left in the property, no savings, but an IVA is in place. I believed I was the only Executor, and now I feel this has complicated my discussions with my Father's IVA company who were willing to talk to me as the only Executor. Is there any way that I can have this company removed as I seriously do not need their help, and I doubt my Father realised, they are obviously going to take their cut off of this minimal equity, let alone what the IVA company will take too! In a nutshell, there will be nothing left for me and my children. I will obviously be taking out of the estate any bills due prior to the sale of the property, I have also had to borrow out of my own money for his funeral from a social grant and will need to claim this back too. I now feel as though the other executor will be charging extra for his services on top of everything else. The whole situation feels quite hopeless. What sort of questions should I be asking the representative from the company after he has read out my Father's Will? I currently have a copy of the will that my Father kept safely at his home, so have already seen myself and the company as Executors. My meeting is tomorrow at midday and I need an URGENT response please, otherwise the information you give will be rendered too late.
If he can't be persuaded to renounce, then should I be asking exactly what fees his company is intending to charge firstly? Then I would also need to be able to speak to the IVA company (who have already cleared me to speak to them when I have supplied a copy of the Will, and death certificate). I'm not sure if they're going to be happy with the other executor on the Will though. But am I entitled to speak to the IVA company independently from him? I have already cleared all my father's benefits with the one-stop government company. Now it remains for me to inform the Housing Association as he is in a part buy, part rent scheme, and then his bank! I do have access to the account, but was waiting to see this company before contacting them. There is a small balance on his account, and standing orders are still live. What will happen to the account? I'm assuming it will be frozen and I will be unable to pay any ongoing bills. The funeral is a month away, so gas etc., may well be cut off and I need to keep the home running in order to rehome his animals. This is quite a headache!
Okay that's great - only problem is that it's an eccount, online account, because of Dad's IVA he couldn't get a high street one. So hence my question, sorry should've said. There is some £400 in the account, which won't unfortunately help with the funeral costs, I am having to borrow money in advance of the house sale. Are you saying that a grant of probate will be required, and if so, whose responsibility is it to supply this?
Great thank you. I'm assuming such things as water, council tax, gas, electricity bills that accumulate for as long as the property takes to sell, can legally accrue - or do I have to take responsibility for these?
That was the last question sorry.
Thanks so much for your help. Much appreciated.