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a benificery in a will

  • 12-04-2016 2:55pm
    #1
    flutered
    Registered Users, Registered Users 2 Posts: 6,710 ✭✭✭


    folks how long is long, when waiting to recieve whatever is coming ones way


Comments

  • #2
    chillin117
    Banned (with Prison Access) Posts: 736 ✭✭✭chillin117


    From starting the ball rolling to a bank lodgement, took me 18 months. I was an executor .


  • #3
    Baybay
    Registered Users, Registered Users 2 Posts: 1,143 ✭✭✭Baybay


    I am currently carrying out executor duties. It is a very simple will.

    But tasks include, obtaining the death Cert, putting the house through probate (which can take 16 weeks), funeral expenses & costs associated with the house including outstanding or ongoing bills have to be paid, Ber certification & estate agency fees are liable as the house will be sold after probate, solicitors fees will also be due. These are paid from the estate & as I'm not sure yet if these fees will be covered by what the deceased had in a bank account, they may only be settled by after the house is sold.
    Therefore as far as I can tell, it may be a number of months before the beneficiaries have received everything that's due to them.
    The house can go on the market almost immediately & may go sale agreed quite quickly but a sale cannot be concluded until after probate.

    At least this is my understanding but this isn't my profession!


  • #4
    coylemj
    Registered Users, Registered Users 2 Posts: 25,624 ✭✭✭✭coylemj


    I was named as executor and did it in four months as a DIY job, known as 'personal probate'. It depends on who is doing the probate, a slow solicitor could drag it out for a year or more and the backlog in the local probate office will also affect things. If you are a cash beneficiary i.e. you have been left a set amount of money and this can be paid from an existing bank account then the executor can pay you within days of getting the grant of probate. They go to the bank with the grant of probate, get the deceased's money paid to them, they lodge it in an executor account and then write you a cheque or get a draft payable to you.


  • #5
    flutered
    Registered Users, Registered Users 2 Posts: 6,710 ✭✭✭flutered


    thanks people, i believe that i am in for a long haul, i recon this will take a couple of years, as there are two farms involved, one may have to be sold, no i am not getting one of them, a bit of a crust off the loaf, but i was more than suprised when i got the notification that i am supposed to get of the cost of a week in waterford, it could be a five day week perhaps


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