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Buachaill
Buachaill, Lawyer
Category: Republic of Ireland Law
Satisfied Customers: 10539
Experience:  Barrister 17 years experience
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Thanks answer. one of the co-executors will be the trustee

Customer Question

thanks for that answer. one of the co-executors will be the trustee of a trust to be established by the last wiill and the other co-executor will be the only beneficiary of that trust while the trustee will be the only heir at the death of the second executor
of what is left from the trust estate. Might this make a difference if both executors agree to rather keep one piece of real estate ? I a, willing to wait for the asnswer by Buachaill
Submitted: 1 year ago.
Category: Republic of Ireland Law
Expert:  Buachaill replied 1 year ago.

1. If the beneficiaries acquiesce in any dealing with the assets of the estate, then that in effect licences this to occur. Whilst clearly in the facts you have given, there is overlap between the co-executors and the beneficiaries, this does not mean that the interests of the other beneficiaries can be ignored. A partial solution might be to pay off the other beneficiaries immediately and then run the estate for the benefit of the beneficiaries acquiescing in this management and investment occurring.