pinkhelmets
Inactive User
Do you realise that at least 2.4 million quid a year is stolen from dead peoples Estates, and there is currently no way to deal with this via law in the uk. The reported figure of 2.4 million could actually be WELL under-estimated as much more could go un-noticed or un-reported. I am amazed at recent findings and cant believe people dont realise this type of theft is so common.
An example in brief-
If a widowed mother of a couple of children decides to have her eldest son be the executor of her will (this is extremely common) then he will have sole control of her estate after the mothers death. The will maybe states all 3 should have an equal share (again the normal). If he (the son, the executor) is knowledgable or maybe decides to be dishonest he is easily able to sell a house and decide for himself how much each gets, basically re-writing the will to his terms. You would presume this is illegal yes? Well by law it is, BUT in reality there isnt any enforcement of this law in the uk. So in other words if you were one of the other children in the will you would have to persue this issue by personal court action, taking your brother to court. The cost of this may be estimated at around 30~35 thousand, but easily could be more. Trying to prove how much money there should be, or perhaps where cash money has been spent etc means that you are highly unlikely to win in full any way. So unless you have a seriously substantial amount of money behind you and/or you have seriously substantial money to gain then the action would likely never be recommended by a solicitor!!
How f&(£ed up is that? Its a sick thought that any of your own children would decide to do this, but its amazing that this is something that is known to go on alot in the uk yet people shrug their shoulders "ohhh well".
----------------------------------------------Thats my simple rant--------
Now a story of this in real life, if you want to read on
. My mum is the eldest of 3 children and her mother died last year. My uncle was executor of the will for understandable reasons- He is a VERY high ranking HM Tax Inspector .....boooo hisssss spit. He is very knowledgable about finance and money laws etc so his mother obviously had trust in him to be executor, no problem. His high powered job means that he has to swear an oath of honesty and is fully trusted to be in his position. When my grandad was alive he had a 10-bedroom hotel in bournemouth, a home in london, a large skip business in london and lots of hidden cash too ....he was a rich bastard lol. Anyway, as a widow my nan was well-off for the rest of her days. However, we have since found out my 'trusted' uncle ripped off the governement by 'hiding' my nans money in order to get her help at tax-payers expense for her last few years of life (Tax Inspector scum). Cut a long story short, my mum & her sister were told they were entitled to 20k each. They couldnt laugh even though its the most ridiculously funny figure they could have imagined. Now many months of trying to use 'law' that does exist means that they do now have much proof that he has stolen large amounts. They also have proof it was himself that de-frauded the government, and proof that he is working in a highly paid - highly ranking job whilst breaking the required honesty oath. He knows he possibly has a lot to lose, but he has already had the large gain. Bottom line is there is now a stalemate. If the girls choose to spend 30k ~ 35k of their own money they could take the case to court, against the advice of all solicitors. They MAY gain approx 50k extra split between them after taking out the large amounts that the government would claim back, but its a risk. Each direction they have gone has seen the law is against their case. There are many more twists and turns too, but the point is that this private educated high ranking tax man knows his stuff and has f=(ked the family as well as every tax payer, and is as crooked as every member of parliament. Its a disgrace.
An example in brief-
If a widowed mother of a couple of children decides to have her eldest son be the executor of her will (this is extremely common) then he will have sole control of her estate after the mothers death. The will maybe states all 3 should have an equal share (again the normal). If he (the son, the executor) is knowledgable or maybe decides to be dishonest he is easily able to sell a house and decide for himself how much each gets, basically re-writing the will to his terms. You would presume this is illegal yes? Well by law it is, BUT in reality there isnt any enforcement of this law in the uk. So in other words if you were one of the other children in the will you would have to persue this issue by personal court action, taking your brother to court. The cost of this may be estimated at around 30~35 thousand, but easily could be more. Trying to prove how much money there should be, or perhaps where cash money has been spent etc means that you are highly unlikely to win in full any way. So unless you have a seriously substantial amount of money behind you and/or you have seriously substantial money to gain then the action would likely never be recommended by a solicitor!!
How f&(£ed up is that? Its a sick thought that any of your own children would decide to do this, but its amazing that this is something that is known to go on alot in the uk yet people shrug their shoulders "ohhh well".
----------------------------------------------Thats my simple rant--------
Now a story of this in real life, if you want to read on
. My mum is the eldest of 3 children and her mother died last year. My uncle was executor of the will for understandable reasons- He is a VERY high ranking HM Tax Inspector .....boooo hisssss spit. He is very knowledgable about finance and money laws etc so his mother obviously had trust in him to be executor, no problem. His high powered job means that he has to swear an oath of honesty and is fully trusted to be in his position. When my grandad was alive he had a 10-bedroom hotel in bournemouth, a home in london, a large skip business in london and lots of hidden cash too ....he was a rich bastard lol. Anyway, as a widow my nan was well-off for the rest of her days. However, we have since found out my 'trusted' uncle ripped off the governement by 'hiding' my nans money in order to get her help at tax-payers expense for her last few years of life (Tax Inspector scum). Cut a long story short, my mum & her sister were told they were entitled to 20k each. They couldnt laugh even though its the most ridiculously funny figure they could have imagined. Now many months of trying to use 'law' that does exist means that they do now have much proof that he has stolen large amounts. They also have proof it was himself that de-frauded the government, and proof that he is working in a highly paid - highly ranking job whilst breaking the required honesty oath. He knows he possibly has a lot to lose, but he has already had the large gain. Bottom line is there is now a stalemate. If the girls choose to spend 30k ~ 35k of their own money they could take the case to court, against the advice of all solicitors. They MAY gain approx 50k extra split between them after taking out the large amounts that the government would claim back, but its a risk. Each direction they have gone has seen the law is against their case. There are many more twists and turns too, but the point is that this private educated high ranking tax man knows his stuff and has f=(ked the family as well as every tax payer, and is as crooked as every member of parliament. Its a disgrace.
