My sibling and I are Dad's executors but we've fallen out badly
Briefly

from www.theguardian.com1 month ago
Barclays requires signatures from both executors to close the deceased's account and cannot proceed with disbursing the remaining estate funds without joint instructions.
www.theguardian.comhttps://www.theguardian.com/money/2024/dec/30/my-sibling-and-i-are-dads-executors-but-weve-fallen-out-badly
Due to the strained relationship, the bank can’t release funds unless both executors agree, highlighting the legal complexities that can arise in estate administration.
www.theguardian.comhttps://www.theguardian.com/money/2024/dec/30/my-sibling-and-i-are-dads-executors-but-weve-fallen-out-badly
Legal proceedings to remove an executor can be costly and may not be justified given the relatively small estate, representing a significant hurdle for the remaining executor.
www.theguardian.comhttps://www.theguardian.com/money/2024/dec/30/my-sibling-and-i-are-dads-executors-but-weve-fallen-out-badly
Barclays is limited by policy and cannot override the need for joint executor consent, even if it results in funds being temporarily inaccessible.
www.theguardian.comhttps://www.theguardian.com/money/2024/dec/30/my-sibling-and-i-are-dads-executors-but-weve-fallen-out-badly
Read at www.theguardian.com
#estate-planning #banking-policy #joint-executors #family-dispute #legal-proceedings
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