What is the name of your state? Virginia
My wife was named coexecutor of her fathers will along with her sister. The two sisters are to split everything 50/50 according to the will. Her sister was listed on two checking accounts and one money market account along with her dad for convience purposes. The sister lives about 5 minutes away from her dad and my wife is about 45 minutes away. One checking account was their deceased mothers account, the other was their fathers account. The will has gone through probate and the attorney that handled the probate and drew up the will advised the sisters to use one of the checking accounts to pay for any expenses associated with the estate, and for the two to split the other checking account and the money market account between them to zero the balance out and close the accounts.
The sister did close one of the accounts and split the amount with my wife, but has stated that she doesn't want to close the money market account until everything else, the selling of the house, is complete. She has been using the other checking account to pay for the ongoing expenses, electricity, care for horses on the property, etc. until the sale.
My question is since my wife and her sister are coexecutors of the will can the sister control when the money from the money market account can be split?
My other question concerns the auctioning of the house. What options does my wife have if my she and her sister do not agree on the price bidded on the house?
Thank you,
Mark
My wife was named coexecutor of her fathers will along with her sister. The two sisters are to split everything 50/50 according to the will. Her sister was listed on two checking accounts and one money market account along with her dad for convience purposes. The sister lives about 5 minutes away from her dad and my wife is about 45 minutes away. One checking account was their deceased mothers account, the other was their fathers account. The will has gone through probate and the attorney that handled the probate and drew up the will advised the sisters to use one of the checking accounts to pay for any expenses associated with the estate, and for the two to split the other checking account and the money market account between them to zero the balance out and close the accounts.
The sister did close one of the accounts and split the amount with my wife, but has stated that she doesn't want to close the money market account until everything else, the selling of the house, is complete. She has been using the other checking account to pay for the ongoing expenses, electricity, care for horses on the property, etc. until the sale.
My question is since my wife and her sister are coexecutors of the will can the sister control when the money from the money market account can be split?
My other question concerns the auctioning of the house. What options does my wife have if my she and her sister do not agree on the price bidded on the house?
Thank you,
Mark