cheque payable to 'the estate of...'

Mistermeaner

still finalising my late mums estate...

Sold some shares she owned in the commonwealth bak of australia; they've issued a cheque for the proceed payable 'to the estate of XXXXX'

I am the named administrator (my name is on the grant of probate) but the bank I am using (nationwide) will not accept payment of this cheque into my bank account

I'm loathe to go back to the issuer as they are in australia and everything takes a long time to sort (via post)

Does anyone have any suggestions how I can get this cheque cashed without going back to the issuer

PS No solicitor involved I've done it DIY

Skiddaw1

Would you be able to open an executor account? I did that when I administered my father's estate (one of the financial institutions involved would only pay the monies into an executor account). It was very easy to do (I opened one with NatWest for what it is worth).

[Deleted User]

Hi,


I remember your original query when trying to sell.


Who did you eventually use, might help others if you update that thread.

Mistermeaner

shall do

more letters

Mistermeaner

link to referenced thread :

https://forums.moneysavingexpert.com/discussion/6026153/selling-commonwealth-bank-of-australia-shares

Brynsam

You may find it easiest to open a savings account in the name of the executors. Many banks won't touch executor (current) accounts.

Mistermeaner

Brynsam wrote: »

You may find it easiest to open a savings account in the name of the executors. Many banks won't touch executor (current) accounts.

i am the executor - the trouble is the chque is payable "to the estate of XXXXXX "

with XXXX being my late mum

xylophone

i am the executor

But do you have an executor's account?

The exor account is precisely for the purpose of collecting sums due to the estate of xxxx.

The exor is administering the estate.

Mistermeaner

Hi thanks for input my existing account is a normal current account

I now understand I need an executor account

Will set one up with Barclays in due course