My father died last month while in a nursing home. A joint loan in both my father's and mothers names was taken out to pay for the nursing home bond. The money from the bond will come back into the estate once probate has been granted.
In his will he leaves a certain amount of money to the 3 grandchildren and then whatever is left of the money split 50/50 to his only 2 children. He has left his share of the house and super to his wife.
Currently the asset and liabilities statement only shows half the loan as a liability as it was a joint loan. Therefore there will be money in the estate leftover to pay out the grandchildren and his children.
However my mother who is an executor feels that everything that was my fathers is hers by right. She hasn't informed any of the grandchildren that they are beneficiaries. Should beneficiaries be told they are on the will? Should this be done before or after probate?
I think that she will just take the whole amount of the bond money when it comes back because she doesn't understand that it is the estates money and not hers. She has hired a lawyer to help her. Will they make sure she follow the correct procedure?
What can I do if she doesn't follow the instructions of the will and just takes all the money?
Thanks
In his will he leaves a certain amount of money to the 3 grandchildren and then whatever is left of the money split 50/50 to his only 2 children. He has left his share of the house and super to his wife.
Currently the asset and liabilities statement only shows half the loan as a liability as it was a joint loan. Therefore there will be money in the estate leftover to pay out the grandchildren and his children.
However my mother who is an executor feels that everything that was my fathers is hers by right. She hasn't informed any of the grandchildren that they are beneficiaries. Should beneficiaries be told they are on the will? Should this be done before or after probate?
I think that she will just take the whole amount of the bond money when it comes back because she doesn't understand that it is the estates money and not hers. She has hired a lawyer to help her. Will they make sure she follow the correct procedure?
What can I do if she doesn't follow the instructions of the will and just takes all the money?
Thanks