Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Margot123
    • By Margot123 10th Sep 17, 3:57 PM
    • 42Posts
    • 12Thanks
    Margot123
    Bankrupt Co Executor
    • #1
    • 10th Sep 17, 3:57 PM
    Bankrupt Co Executor 10th Sep 17 at 3:57 PM
    How do co executors go about opening a probate bank account if one is bankrupt? Can one open the account without the other?
Page 1
    • badmemory
    • By badmemory 10th Sep 17, 4:01 PM
    • 671 Posts
    • 662 Thanks
    badmemory
    • #2
    • 10th Sep 17, 4:01 PM
    • #2
    • 10th Sep 17, 4:01 PM
    I could well be wrong but I understood a bankrupt could not be an executor (or it may just be unwise). Also are you sure that you will need an executors account?
    • Margot123
    • By Margot123 10th Sep 17, 4:28 PM
    • 42 Posts
    • 12 Thanks
    Margot123
    • #3
    • 10th Sep 17, 4:28 PM
    • #3
    • 10th Sep 17, 4:28 PM
    I could well be wrong but I understood a bankrupt could not be an executor (or it may just be unwise). Also are you sure that you will need an executors account?
    Originally posted by badmemory
    I understand they cannot inherit but there is very little to stop them acting as an executor. Having read on here how difficult it can be to open an executor's account, I wonder if ordinary accounts make more sense.
    • Yorkshireman99
    • By Yorkshireman99 10th Sep 17, 4:35 PM
    • 2,953 Posts
    • 2,317 Thanks
    Yorkshireman99
    • #4
    • 10th Sep 17, 4:35 PM
    • #4
    • 10th Sep 17, 4:35 PM
    The bankrupt should resign their post and not apply for probate. Why do you need an executor's bank account?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

109Posts Today

1,162Users online

Martin's Twitter
  • Shana tova umetuka - a sweet Jewish New Year to all celebrating. I won't be online the rest of t'week, as I take the time to be with family

  • Dear Steve. Please note doing a poll to ask people's opinion does not in itself imply an opinion! https://t.co/UGvWlMURxy

  • Luciana is on the advisory board of @mmhpi (we have MPs from most parties) https://t.co/n99NAxGAAQ

  • Follow Martin