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Are all the Residuary beneficiaries willing to accept the transfer of the property into their joint names?
How much is the rest of the Estate worth?
Who is the other Executor?
Are the other executors prepared to indemnify the third in respect of any loss of there is an early distribution?
Are you and your brother willing to do so?
The Executor is acting very properly and protecting himself and his firm from any loss or claim.
I would agree that he is being a little over cautious - but a written indemnity and a Retention should suffice to allow the Transfer of the Property into the name sof the Beneficiaries
The Retention should be held in the Solicitors client account.
I would suggest that you arrange a round table meeting to make the proposal and ask that they prepare the necessary indemnity.
I hope that this is of assistance - please ask if you need further details