Property prices were rising and the house increased in value by about €80k in the space of a year after it was sold.
In my experience of these things, the best solution is where there are 3 beneficiaries is for the property to be sold. It's the cleanest solution. People shouldn't be thinking about the what if's, particularly if they didn't object at the time.
Two beneficiaries did object at the time direct to the executor and to the solicitor who was advising the executor at the time but they were ignored.
Can you clarify what you mean? I really don't want to go off point here?What would be the logistics of a property owned by 3 people?
I'm wondering: what did the two dissenting beneficiaries want? Was it their wish to keep the house and use it? How might they have accommodated the third beneficiary's interest, as it seems clear that she did not wish to keep and use her share?In the above case the executor went and put the house on the market without asking two of the beneficiaries who didn't want it sold. The third beneficiary who just happened to be his wife was the one who wanted it sold. He benefitted from this arrangement indirectly.
Would it have been possible for the two beneficiaries to stop the house being sold.
Or is this the real issue? That the executor did not act as a property speculator?Property prices were rising and the house increased in value by about €80k in the space of a year after it was sold.
I would have thought that the executor would have convened a meeting to discuss the proposals rather than just take the side of his wife?
He would indirectly benefit from the sale of the house through his wife's inheritance.
Who owned the house when probate was granted?
I would have thought that the executor would have convened a meeting to discuss the proposals rather than just take the side of his wife?
He would indirectly benefit from the sale of the house through his wife's inheritance.
Who owned the house when probate was granted?
If it is the only way to effect a three-way division of the value of the house, I think the answer is yes. See http://www.irishstatutebook.ie/1965/en/act/pub/0027/sec0050.html#sec50Can an executor insist in this case that the house be sold?
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