Do I get more money?

[bridgetjonesmassivepants]

Can't work this out. I've changed a few details so it's not very identifiable and posting here for traffic.

Recently my mum died and my sister and I were left with £150,000 between us. (Bungalow had already been sold as mum had just moved into a nursing home) Will says everything is split between us two. But, my sister had a loan for £8000 from mum when she sold the bungalow to buy a car, she had only paid back £1000 of this when mum died.

Question is, how is the £150,000 split taking into account that sister has got an extra £7000?

Slight tangent but what happens if someone, who isn't a beneficiary of the estate, owed money to the deceased and couldn't afford to repay it?

With my inlaws one sil owed money when final parent died. She didn't come forward or offer to pay it etc. The other sil was executor and added it to inheritance and divided it leaving her short. There was war but executor did not back down as felt it was her responsibility to do everything completely above board. My dh was for leaving it so there would be no trouble. Things have never been the same in the family but l blame the dsis who didn't cough up and act morally .

Or perhaps just let it go...it's just money...

I imagine, If I were OP, I'd ask for the deduction but waive it if she kicked off about it. Legally maybe this has to go down as a 'gift' from OP to her sis.

My uncle was executor on my Grandmother's will. My dad & uncle both waived their share of the inheritance, gave their share to the other siblings. I don't think that's very uncommon.

OP just to say, ignore the people who are saying forget your sisters debt - of course it should be taken into account.

Your mother would have wanted this done fairly I am sure.

6k should be deducted from your sister’s share.

6k should be deducted from your sister’s share.

It’s an impressive kind of arrogance that results in

a) not RTFT despite it having 200+ posts
b) getting the maths wrong anyway

I’d be gutted if my sibling thought I would fall out with them over £7k that I owed and therefore didn’t mention it.

Take your half and forget about the car. It really is not worth bickering over money.

Agree with those saying that when you are about to inherit £75, then the extra £3500 probably isn't really worth falling out with your sister over.

I'd also be considering if your Mum had ever helped you out, or supported you when you needed it.

When my Dad died, he'd just given me a few thousand to help us get the house we were buying (long story, but that was the outcome). When it came to dividing "the estate" I straight away said to my siblings that had happened so I should get less. Both siblings independently said to ignore that fact, as 'Mum and Dad have always done what they can to help each of us, in whatever way they could, at the time when we needed it'. No-one knew amounts, or compared number of nights they'd babysat, or how much any of us had cared for them, or whatever. We knew we lived different lives, in different places, and at different times had had help from parents, and had done what we could to help our parents. It wasn't the same necessarily, but it was each of us needed, and each of us were able to offer at those times.

Unless you have a long held belief that your sister has always had more than you from your Mum, then let it go.

"I’d be gutted if my sibling thought I would fall out with them over £7k that I owed and therefore didn’t mention it."

Absolutely.

There's no reason that Op should be "out of pocket" at all.

Her sister has enough to pay the the loan off from her own share.

Whether they agree for Op to have £7000 before the split or equal split & sister pays Op £3,500

Agree with those saying that when you are about to inherit £75, then the extra £3500 probably isn't really worth falling out with your sister over.

I'd also be considering if your Mum had ever helped you out, or supported you when you needed it.

When my Dad died, he'd just given me a few thousand to help us get the house we were buying (long story, but that was the outcome). When it came to dividing "the estate" I straight away said to my siblings that had happened so I should get less. Both siblings independently said to ignore that fact, as 'Mum and Dad have always done what they can to help each of us, in whatever way they could, at the time when we needed it'. No-one knew amounts, or compared number of nights they'd babysat, or how much any of us had cared for them, or whatever. We knew we lived different lives, in different places, and at different times had had help from parents, and had done what we could to help our parents. It wasn't the same necessarily, but it was each of us needed, and each of us were able to offer at those times.

Unless you have a long held belief that your sister has always had more than you from your Mum, then let it go.

seems to be an issue with things posting on this page !

Sorry, it didn't appear to be posting & I just kept pressing

Could you not just put it straight to her

'How do you want the £7k handled?'

Ad the executor you are legally obliged to do things properly ie take the loan (which is a debt owing to the estate) into account. No need to feel guilty about it, you are just carrying out your duties correctly.
If you then wanted to vary the will to give your sister an extra £3.5k you could do so - but why would you, when you look at it like that?
I wouldn't agonise too much over it

Just split half and half. It not worth arguing over money. It could be millions hunni it won't make up for the loss of your mum. I know it can be a tricky situation just don't say or do something you may live to regret.xx

You said that repayments were in place, I'm assuming that you have taken these into account? This would give you an opportunity to raise it with your sister : "I wasn't sure how much of the loan you had already repaid so not sure about the split?"

I had to be executor to my late dm estate as my sister was named as executor but could not do it. You have to decide whether to do it yourself or to pay a solicitor quite a lot to do it for you. If you are reasonably competent it is not too difficult. I bought a instruction CD that led me through what to do step by step. Even though my Mum's will was very simple as a 5 way equal split it still took time. She died in Oct and we received our share in the following July. I would wait until after funeral and then talk to your sister about whether to do DIY job or hire solicitor. Could your sister and you not do it together. It will help you stay close.

It was not a loan you gave. If it wasnt properly documented - why would YOU CARE?? So petty. Your mum died. You get 75k . You really think its is up to you to insists on those 7k which werent yours anyway??
Jesus people are so bloody petty

You’ve both suffered a huge loss. I would forget the £7k if it were me.