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Hi all, hope someone can shed light on some issues I would like to understand better. Thanks in advance. Three siblings have inherited a house. Its a modest house, value approx 140k. The executor, my brother, doesn't speak or communicate with anyone in the family. In two and a half years the house has not sold. It has not been reduced in price. There's a shortish freehold issue which has prevented the sale twice. That can be solved for 6k. I have offered to pay for the freehold. In all the time he has been executor there has not been a single communication from him. Despite registered letters and numerous phone calls. The estate agent advised him about the leasehold. The executor said he would purchase the freehold for 6k. He has not done that. We have offered to buy his share for 47k, we have offered to sell our shares at 45k each. He has not even replied. The house has been empty for 2 and a half years. My questions are:
Does it have to be sold rather than beneficiaries shares sold ie transferred?
Do I have to pay the whole of the 140k and then get my share back after fees are deducted. Or can I simply pay 2/3rds of the price?
Are estate agents fees payable if its simply transferred into my name?
Is there really no other option other than having him removed as executor?
If it ends in court is he personally liable for costs or does the estate pay?
I know the estate agent as a result of many phone calls. His advice to the executor I think, would be to take 140k. Do I have to offer that amount to secure a solution. The money is not vital for me, but certainly is for the other sibling.
I would prefer to avoid the courts but realise that might be the last resort. Or should I offer 140k to get it over with. I don't want the house, its sixty miles away and a poor letting return, about 4%, but it would free up the money for my sister.
After two and a half years of stalemate I want it all to end. He thrives on conflict and manipulation so is no doubt getting a big kick out of it. He was made executor solely because of his vanity and need to control. My mother thought he would observe the law and carry out the duties despite his hating the world and everyone it it. Save his mother.
Does it have to be sold rather than beneficiaries shares sold ie transferred?
Do I have to pay the whole of the 140k and then get my share back after fees are deducted. Or can I simply pay 2/3rds of the price?
Are estate agents fees payable if its simply transferred into my name?
Is there really no other option other than having him removed as executor?
If it ends in court is he personally liable for costs or does the estate pay?
I know the estate agent as a result of many phone calls. His advice to the executor I think, would be to take 140k. Do I have to offer that amount to secure a solution. The money is not vital for me, but certainly is for the other sibling.
I would prefer to avoid the courts but realise that might be the last resort. Or should I offer 140k to get it over with. I don't want the house, its sixty miles away and a poor letting return, about 4%, but it would free up the money for my sister.
After two and a half years of stalemate I want it all to end. He thrives on conflict and manipulation so is no doubt getting a big kick out of it. He was made executor solely because of his vanity and need to control. My mother thought he would observe the law and carry out the duties despite his hating the world and everyone it it. Save his mother.
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