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Deceased property assigned jointly - do we both need to agree sales price?

(4 Posts)
Solastyeardotcom1 Wed 03-Dec-14 19:43:49

My deceased parents property has been been assigned to myself and sister by the executor of the wills. The executor is the sole trustee of the will and estate, although the property has now been assigned to the two of us. Does this mean that we both have to agree any offer, or does the executor have final say if we don't agree? Any help please !

RosesandRugby Fri 05-Dec-14 13:45:18

I would choose to have sealed bids to save you having to agree which offer to accept. The highest bid wins. I have just done this for a property i jointly inherited. Its the fairest way for everyone smile

Collaborate Fri 05-Dec-14 18:27:23

If it's been transferred in to your joint names the executor has nothing to do with it any more. You'll need to agree on how to sell it, as it can get expensive if it has to go to court.

Solastyeardotcom1 Fri 05-Dec-14 21:42:42

Thanks for this info. That's an idea about putting it to sealed bids. I can't recall signing any paperwork to transfer it just a letter to say its now been assigned. Good to know its just the two of us to agree and not an additional executor. Thankyou both.

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