Thank you .
Currently, in order to settle the legal rights i would need to sell the house. The title deed to the house is now in my name so i can sell it if necessary. The house has no mortgage.
I could also raise the cash by taking a mortgage on the house if i choose not to sell it.
In these circumstances (i.e. that there is not enough cash to settle legal rights) is it still ok that i made these advances to myself.
As executor did i have an obligation to inform those with legal rights that i was going to make advances to myself? did i have an obligation to offer them advances?
On another note, I understand that interest is generally added to legal rights. That said part of the estate was shares in a private company. The other part was cash and chattels. Would the interest be applicable on the legal rights fund as a whole or only the cash part? if so what interest should be given considering that a current account gives you no interest and a savings next to nothing? also when does interest start to accrue eg. once probate is granted?