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outgoings

what are outgoings

Hi, Im Executor for my stepmother who was holding a property on trust.  She is to pay rates and taxes on property and keep it in reasonable repair and trustees/trust pay insurance and all other outgoings.  Does anyone know what outgoings can be, as it is not clear from will.  it is maintenance, does it include gas, electricity or gardening,  does anyone know.  Thanks

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By Ruddles
04th Nov 2017 22:15

Let’s try and keep it simple. “Out” is the opposite of “in”.

And, since you’re acting as executor, I assume that she has now departed. If so, how is she expected to meet the cost of rent, rates and other outgoings?

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to Ruddles
04th Nov 2017 23:09

she has now died and the house is being sold. There is a trust fund from her departed husband. she pays rates and taxes and The trust fund will reimburse her estate for the money she has paid for insurance, and maintenance to the house, and it will also pay/reimburse her outgoings. Im not sure what I can claim for. thanks

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to Eileen Barker
05th Nov 2017 08:21

You said she held a property on trust. Now you suggest she occupied it as the beneficiary of a trust. Not the same thing at all.

Presumably you are looking at expenses she incurred before she died that have not yet been reimbursed?

If so, your question is at last clear and the answer to it is that the word “outgoings” probably covers utility bills relating to the property but certainly will not cover food and other personal expenses not related to the property. But the real way to find out is to ask the trustees.

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to johngroganjga
05th Nov 2017 11:49

Thank you very very much for your input, it been really helpful. Now she has died her estate has to be reimbursed for maintenance she had paid, out of the trust fund and house sale proceeds (the house goes back to her husbands family), which had not be taken while she was alive, as she received the interest on the trust fund, and had only a state pension. Do you think I can claim for cleaning of property and gardening too. She and her husband's grandson were the trustees, and he doesn't know. The will states she pays rates and taxes and the trustees pay insurance and all outgoings.

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to Eileen Barker
05th Nov 2017 11:48

You and the surviving trustee will have to sit down and agree. No-one on here can tell you what the trustee will agree to. What happens to the property, and the trust generally, now that the life tenant has died?

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to johngroganjga
05th Nov 2017 11:56

Thank you very much for all your help, it will make all the difference to my situation tomorrow, when the sale on the house completes. The trustee and his sister get the proceeds of the house sale, which is a lot (my stepmother left little money as she and her husband travelled the world and spent it all). I have been unsure of what to do as I do not want to enter into any dispute and get on well with the surviving trustee.

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04th Nov 2017 22:50

These are not outgoings:

http://www.bbc.co.uk/programmes/b006mw70

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04th Nov 2017 22:51

Outgoings are expenses.

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By Ruddles
to johngroganjga
04th Nov 2017 23:35

Or, outgoings are the opposite of incomings.

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04th Nov 2017 23:46

do you think i can claim for gas, electricity telephone. i dont suppose it would be other expenses, for example food, newspapers etc

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By Ruddles
to Eileen Barker
05th Nov 2017 00:47

Who was eating the food? Who was reading/crapping on the newspapers?

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to Eileen Barker
05th Nov 2017 06:43

Claim from whom? You said you were the executor of the estate of a deceased person who was trustee of a trust holding a property. It’s far from obvious who is able to “claim” what from whom.

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