What Must Executors Tell Beneficiaries? 7 Things You Need to Know
Probate & Estate Support
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What Must Executors Tell Beneficiaries? 7 Things You Need to Know
269 просмотров · 4 недели назад
Probate & Estate Support
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269 просмотров · 4 недели назад
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What information does an executor have to give beneficiaries? And if you're a beneficiary, what are you actually entitled to know?
In this video, I explain the position for executors and beneficiaries dealing with probate and estate administration in England and Wales.
We look at what beneficiaries can expect to be told, when an executor should provide information, and where the limits are — because being a beneficiary does not mean you are entitled to control how the estate is administered.
This video covers:
00:00 Introduction
00:38 1. Is a beneficiary entitled to see the will?
02:18 2. How much is the beneficiary actually going to receive?
04:54 3. Are beneficiaries entitled to updates about what's happening?
07:04 4. Are beneficiaries entitled to see the estate accounts?
09:00 5. Are beneficiaries entitled to know why their inheritance is being delayed?
11:11 6. What should beneficiaries be told before the final distribution?
12:37 7. What are beneficiaries NOT entitled to control?
14:40 When should a beneficiary become concerned?
I also explain the important difference between specific gifts, fixed cash gifts and residuary beneficiaries; why the value of an estate doesn't necessarily tell you how much a beneficiary will receive; and why good communication between executors and beneficiaries can prevent unnecessary disputes.
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IMPORTANT:
This video provides general information about probate and estate administration in England and Wales. It is not legal advice and should not be relied upon as a substitute for advice about your particular circumstances.
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