We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Using Banks Asset Management with probate estate
Laurieg
Posts: 12 Forumite
For reasons that were arranged long ago my wife's father had Nat West as his executors. I realised that this was an expensive way of doing things but what was done back in 1980's is done. I would like to point out that their service has been first class, taking everything over and dealing with it all, coming to us when advice/signatures were required. This all came at a price of 4%!!!!!!
We are now down to selling his flat and have just dropped the price with the estate agent. He had to inform the bank and they have asked us if we would like to use their asset management company partner at a rate of 1.75% to help increase the exposure.
Has anyone used this type of service? Is it just another way of taking cash away from the estate?
We are now down to selling his flat and have just dropped the price with the estate agent. He had to inform the bank and they have asked us if we would like to use their asset management company partner at a rate of 1.75% to help increase the exposure.
Has anyone used this type of service? Is it just another way of taking cash away from the estate?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards