Interpretation of a will

[n01efc]

I’m just wondering, after losing someone close, what the difference is between executor and key holder (of the house) means? I’m assuming the later means simple someone who has a set of keys to the property? But I’m mentioned in Will as the a key holder and wondered, as I’ve have been told anything, if I’m responsible for the upkeep of the property whilst it is sold/ passed on?

Anyone know?

 

[Yid4life]

Dealing with the estate of someone who's died

If you already have the right or have probate (as an executor or administrator) you can start dealing with the estate. You may need to apply for the right to deal with the estate of the person who's died (also called 'probate').

www.gov.uk

 

[n01efc]

Dealing with the estate of someone who's died

If you already have the right or have probate (as an executor or administrator) you can start dealing with the estate. You may need to apply for the right to deal with the estate of the person who's died (also called 'probate').

www.gov.uk

Thanks but I’m not named as the executor which the link refers to?

 

[coollino]

I’m just wondering, after losing someone close, what the difference is between executor and key holder (of the house) means? I’m assuming the later means simple someone who has a set of keys to the property? But I’m mentioned in Will as the a key holder and wondered, as I’ve have been told anything, if I’m responsible for the upkeep of the property whilst it is sold/ passed on?

Anyone know?

Not that I'm aware of, but I'm not fully sure. A key holder in a will is meant to be like a trusted person who should make sure the instructions in the will happen, but I don't even really know the legality of a key holder. I guess if they said in the Will you need to upkeep the house the maybe you do? Again tho, upkeep is down to interpretation

 

[n01efc]

Not that I'm aware of, but I'm not fully sure. A key holder in a will is meant to be like a trusted person who should make sure the instructions in the will happen, but I don't even really know the legality of a key holder. I guess if they said in the Will you need to upkeep the house the maybe you do? Again tho, upkeep is down to interpretation

Thanks, sorry I should have said there is an executor named in the will which isn’t me.

 

[coollino]

Thanks, sorry I should have said there is an executor named in the will which isn’t me.

An executor manages the will, which is different to what I said above everso slightly. I guess it's a bit like a referee. I don't think key holders are really that common as I'm not sure what legal grounds there are for it. I remember when I studied Trusts etc, there wasn't much on key holder at all cos there is little to no case law on it

 

[wgtwiddle]

Never come across the term. Sounds rather presumptuous of them not having discussed it with you.

In my experience, upkeep rests with closest relatives (intestate estates)..

I think the executor should guide you here.

 

[n01efc]

An executor manages the will, which is different to what I said above everso slightly. I guess it's a bit like a referee. I don't think key holders are really that common as I'm not sure what legal grounds there are for it. I remember when I studied Trusts etc, there wasn't much on key holder at all cos there is little to no case law on it

Thanks, that makes sense and was my understanding, maintain the property until it’s sold to others.

 

[Connor mcloud]

I've been an executor on a couple of family wills in the last few years and a keyholder was never mentioned or brought up by the solicitors on either,
Sure it would have been if it was significant in any way

 

[coollino]

Thanks, that makes sense and was my understanding, maintain the property until it’s sold to others.

Yeah, I mean that would make sense as you probably wouldn't expect an executor to do that.

I don't know the circumstances obviously but even that could become problematic when it comes to what level of upkeep etc so you may want to discuss with others within the will if possible. Wills and money can turn very normal families into vampires, and you don't want to get blame for the house losing value etc

 

[n01efc]

Thanks all, the will simply says I have been given tools, as the key holder, and executive is named.

 

[wgtwiddle]

Thanks, that makes sense and was my understanding, maintain the property until it’s sold to others.

Having maintained a property twix the death and sale I would, if not a direct beneficiary/relative, refuse to accept any responsibility for the upkeep of the property.

I doubt you'd be expected to do this anyhow, but, as per Newton's first law of work, never volunteer!

 

[Armaghtoffee]

Thanks all, the will simply says I have been given tools, as the key holder, and executive is named.

It doesn’t mean anything really mate. Not a common legal term and certainly nothing that carries responsibility for you. Even Executor is overrated responsibility wise, they sign stuff as the Solicitor does the paperwork.

 

[n01efc]

Having maintained a property twix the death and sale I would, if not a direct beneficiary/relative, refuse to accept any responsibility for the upkeep of the property.

I doubt you'd be expected to do this anyhow, but, as per Newton's first law of work, never volunteer!

Being honest this was my fear, how far do I go and what does upkeep actually mean?

 

[Gwladys St. Glory]

I’m just wondering, after losing someone close, what the difference is between executor and key holder (of the house) means? I’m assuming the later means simple someone who has a set of keys to the property? But I’m mentioned in Will as the a key holder and wondered, as I’ve have been told anything, if I’m responsible for the upkeep of the property whilst it is sold/ passed on?

Anyone know?

Welcome to hell, I hate this stuff. Glad I saved my family grief by have a living trust.