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Ask Buachaill Your Own Question
Buachaill, Barrister
Category: Republic of Ireland Law
Satisfied Customers: 11371
Experience:  Barrister 17 years experience
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Where there are 5 beneficiaries to a mothers house on her

Customer Question

Where there are 5 beneficiaries to a mothers house on her death and 4 of the beneficiaries are happy to sign off on the will after probate has been granted where a value of 100k was accepted in the probate on the house and the executors daughter want to buy it at 100k but one beneficiary does not want the executors daughter to buy it at 100k - what can we do?
Submitted: 10 months ago.
Category: Republic of Ireland Law
Expert:  Buachaill replied 10 months ago.

Hello, and thank you for your question. I am your Expert and I will provide the answer you require.

Expert:  Buachaill replied 10 months ago.

1​. Effectively, what the executor needs to do is to get an independent valuation from two auctioneers and valuers of the value of the house and then sell the house to the executor's daughter for the average of the value in these valuations. The independent valuations will protect the executor from any subsequent legal action that the house was sold at an undervalue. There is no need to offer this fifth person who is objecting any additional sum, as this getting of an independent valuation protects the executor from any legal challenge.

Expert:  Buachaill replied 10 months ago.

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