I hope someone can help with this please.
Mr B (the son) is officially the executor and main beneficiary of his late father estate (£62,000). The last will and testament was drawn up in 1999 and also includes two grandsons as beneficiaries to the tune of £2000 each.
The father dies in 2003 and the £62,000 is put into an account named as the the exors of Mr B’s fathers name and our claimant, Mr B.
So far so simple and it would appear that our claimant should not be entitled as over £16,000. However, on interview, Mr B states that just prior to his fathers death, his father verbally changed his wishes and wanted the two grandson’s to be the main beneficiaries (as Mr B was financially secure). Unfortunately, the father died before the will could be changed. During interview, Mr B has stated that he has not benefited by being the executor and regular withdrawals shown in the executor account have been paid into a slush fund for one of the grandchildren (of adult age) to help with the renovation of a property (the slush fund being a tin on the mantlepiece). Appararently, the grandson is not very good with money and would not have paid contractors, so Mr B dealt with the payments.
Where do we stand with regard to including the £62,000 as capital held by Mr B ?? (this has not been declared !!!)
Thanks in advance
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