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PPI result for deceased person
Dinks786
Posts: 11 Forumite
I have recently secured a sizeable PPI payment as executor for someone who died over 10 years ago. The solicitor who dealt with probate originally no longer exists, my question is really about how do I distribute it to the 4 beneficiaries? I obviously don’t want to put it through my personal bank account
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Comments
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Can you not ask the bank to distribute it according to the will??I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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⭐️🏅😇🏅🏅1 -
Just open a separate bank account and pass it though that.
Was the estate subject to IHT?0 -
Presumably the cheque will be payable to the estate of the late xxxx ?0
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Why obviously? Just pay it in and split it 4 ways, that way you have a paper trail in case someone get shirty down the line
Provided you are not keeping it, I really don't see the issue. Father Ted won a Golden Cleric award as the money was just "resting" in his account so no reason you can't do it.1 -
Estate was not subject to IHT, PPI cheques made out to me as I was the one who made the claims0
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