executor help

scania1256

as a executor i need to pat out the will to the people in the will but my sister liver over 200 miles away can i send her money by cheque ?

user1977

Yes, that would be a perfectly normal way of sending money. Not really a Consumer Rights issue though, I think there's a specific board for Probate etc issues.

p00hsticks

user1977 said:

Yes, that would be a perfectly normal way of sending money. Not really a Consumer Rights issue though, I think there's a specific board for Probate etc issues.

There is, it's here.

https://forums.moneysavingexpert.com/categories/deaths-funerals-probate

tacpot12

If it is a large amount of money, you might ask her if she will send you a pre-printed Paying In slip (if she has one), that you can use to pay the cheque into her account at a local post office; very few bank accounts don't allow this to be done.  

macman

Bank transfer is the simplest option. If she's not already set up as a payee in your online banking account then do a sample £1 transfer initially to test that it's correct.
There is no reason to use a cheque.

MattMattMattUK

As above a bank transfer makes most sense.

p00hsticks

macman said:

Bank transfer is the simplest option. If she's not already set up as a payee in your online banking account then do a sample £1 transfer initially to test that it's correct.
There is no reason to use a cheque.

Personally, as someone who is currently an executor to a will with over 40 beneficiaries, I'm thinking of paying them all via cheque because

a) it means I don't have to find out their bank account details, other than confirm to whom the cheque should be made payable.

b) the cashing of the cheque will automatically serve to acknowledge as receipt of the amount.

user1977

p00hsticks said:

macman said:

Bank transfer is the simplest option. If she's not already set up as a payee in your online banking account then do a sample £1 transfer initially to test that it's correct.
There is no reason to use a cheque.

Personally, as someone who is currently an executor to a will with over 40 beneficiaries, I'm thinking of paying them all via cheque because

a) it means I don't have to find out their bank account details, other than confirm to whom the cheque should be made payable.

b) the cashing of the cheque will automatically serve to acknowledge as receipt of the amount.

Bit of a PITA for those who don't have convenient means for depositing cheques though.

pbartlett

send them an NFT - they have the rights to the money but not the actual.money

p00hsticks

user1977 said:

p00hsticks said:

macman said:

Bank transfer is the simplest option. If she's not already set up as a payee in your online banking account then do a sample £1 transfer initially to test that it's correct.
There is no reason to use a cheque.

Personally, as someone who is currently an executor to a will with over 40 beneficiaries, I'm thinking of paying them all via cheque because

a) it means I don't have to find out their bank account details, other than confirm to whom the cheque should be made payable.

b) the cashing of the cheque will automatically serve to acknowledge as receipt of the amount.

Bit of a PITA for those who don't have convenient means for depositing cheques though.

Yes, but I'm sure on an individual basis they'll be prepared to deal with a bit of a PITA given that they'll be thousands of pound better off for doing so.

Whereas for me to safely and securely obtain bank details from 40+ people I don't know and then directly transfer money over to them is a huge PITA for me for no benefit whatoever.