I am the executor of a will with three beneficiaries , I have been granted probate and have completed all the financial work the net figure of the estate being £84000. I have sent the beneficiaries there cheques for the correct amounts.I have now received a letter from one of the beneficiaries stating that under UK law I should have sent detailed accounts which the beneficiaries should have seen signed and agreed along with invoices receipts as proof of incoming and outgoing expenses.Could you please clarify if this is correct.
Good day, I always strive to reply in the shortest possible time,I may be delayed answering other questions, attending a meeting or in court.Yes as residuary beneficiaries they are entitled to full details of the estate including receipts and copies.Best wishes FE
Thank you for your reply, I accept that beneficiaries are entitled to view the estates accounts. But the letter I received infers that I have broken the U.K. law because I should have agreed the estate with the beneficiaries and they should have signed that they agreed my work before I settled with cheques to them. Can you clarify if this correct as Executor I can't see the point of having my work checked all the time I was granted probate to carry out the deceased wishes which I have done. If the Estate is agreed by the beneficiaries there is no point in having an Executor who should remain independent.
Good morning,No you do not have to agree the figures with the beneficiaries. Your duty is to administer the estate according to the law and to carry out the terms of the Will.Best wishes FE
30 years in General Practice
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