Distributing an estate

Errata

LillythePink wrote: »

Although over here and no trust involved or anything like that, I just paid out to the beneficiaries when all the money was available and backed up by statements/receipts etc

I didn't even open a separate bank account - did it all out of my personal one. Nothing has ever been queried or anything.

That was clearly ok for you, but it won't be ok for someone who's on any kind of benefit or has to apply for benefits shortly afterwards. The cost of opening and running an executors account is pretty cheap and keeps things clearly separate.

dzug1

Savvy_Sue wrote: »

I'm glad I clarified you. I'm still not sure I understand it ...

Well nor am I really, but it's getting away from the original, answered query. I would have thought the will appointed the trustees and that a Deed of Variation would allow the trustees to distribute the estate rather than run the trust.

But there may be something particular in OP's circumstances that ruled against this.

(And OP I'm not asking for an explanation - just explaining my own interpretation)