From chtGPT4

As executors of a will, you have the responsibility to ensure that all debts and obligations of the estate are settled before distributing the remaining assets to the beneficiaries. Here are some key points to consider in your situation:

Requesting Proof of Debt: It's standard practice to request proof of any claims against the estate. If the credit agency is unable to provide adequate proof of the debt, they may not have a valid claim. Proof typically includes original credit agreements, statements showing the debt amount, and any relevant documentation.

Statute of Limitations: In many jurisdictions, there's a statute of limitations on debt. If the debt is very old, it might no longer be legally enforceable. However, this depends on the specific laws of your country and region.

Role of Solicitors: Given the large amount in question, consulting a solicitor is a prudent step. A solicitor can provide legal advice specific to your situation, including the validity of the debt claim and any relevant statutes of limitations.

Debt Purchase by a Collection Agency: If the debt has been purchased by a collection agency, they should still be able to provide proof of the debt. The lack of documentation might weaken their claim.

Distribution of Estate: As executors, you must ensure all valid debts are paid before distributing the estate. If there's uncertainty about a debt claim, it's wise to resolve this before making distributions to beneficiaries. This may involve legal consultation or even a court decision.

Estate Liability: It's important to remember that the liability for debts usually lies with the estate, not with the executors personally. However, if the estate is distributed without settling valid debts, executors could potentially be held responsible.

Communication with Beneficiaries: Keep the beneficiaries informed about the situation and the steps being taken. Transparency helps manage expectations and reduces potential conflicts.

Legal Proceedings: If the credit agency insists on the debt but fails to provide proof, they may need to take legal action to enforce it. A solicitor can advise on how to handle such a situation.

Given the complexity and the large amount of money involved, professional legal advice is strongly recommended. Each situation can have unique legal implications, and a qualified solicitor can guide you through the process while ensuring compliance with legal obligations.

Curtesy of ChatGPT 4

My opinion - they are chancing their arm and will want to tie you up in letters from their law dept in order to drain some money from the estate. Unfortunately that means you also have to pay a lawyer to engage with them. What is the last step of the execution of the will - I guess it where the probate office says case closed. After that - there is no come back from anybody.

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