We advise an executor involved in High Court proceedings regarding his position as executor. The case includes an inquiry into what has become of the income relating to eight rental units held on a Will Trust. The executor also faces demands for an explanation of the expenditure incurred in the management of the properties.
There are additional complications caused by parallel divorce proceeding also taking place with animosity between the divorcing couple (who were the two individuals originally named as the executors of the estate), and a significant history of cash only dealings during the deceased’s lifetime.
The executor aspect of this matter has been determined at trial with the client successfully avoiding any liability for the Claimant’s significant costs claim.
Matter value: £1.3m+