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Distribute Monies of estate.
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Does anyone know what is the usual procedure when the executors are using solicitors to deal with the estate? Do they transfer money to the beneficiaries bank accounts or send out cheques?
Do they also have limits on how much they can transfer by online banking as well? (Am going through the probate process myself and was just thinking ahead as to how they send out the money at the end).0 -
travelling_about wrote: »Does anyone know what is the usual procedure when the executors are using solicitors to deal with the estate? Do they transfer money to the beneficiaries bank accounts or send out cheques?
Do they also have limits on how much they can transfer by online banking as well? (Am going through the probate process myself and was just thinking ahead as to how they send out the money at the end).
Up to you I would think. They should be able to offer cheque, BACS or CHAPs. Will charge say £25-£40 for each CHAPs and may also charge for BACS
I was offered:
Cheques - free
3 day BACS - £15+VAT
CHAPS - £35+VAT0
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