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Sibling Dispute Among Joint Executors Complicates Father's Estate Settlement

share-iconMonday, December 30 comment-icon3 weeks ago 6 views
News sources:
theguardianTHEGUARDIAN
Sibling Dispute Among Joint Executors Complicates Father's Estate Settlement

Credited from: THEGUARDIAN

  • Situation: Following the death of their father, an individual faces difficulties as a joint executor with a sibling, with whom they have fallen out.
  • Bank Involvement: Barclays has refused to release funds from the estate without joint instructions from both executors, leaving significant money in limbo.
  • Legal Options: To remove their sibling as executor, the individual may need to pursue costly legal proceedings, which the bank suggested.
  • Expert Insight: Legal professionals indicate that banks require joint executor consent to mitigate liability, and there are alternate ways for the sibling to renounce their responsibilities.
  • Other Case: Another individual shares a similar struggle with a life insurance payout due to executor disputes, emphasizing common challenges in probate matters.

For more details, visit the original article at The Guardian.

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