📨 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!

Executor accounts,how would you make payments from one?

Options
I know I'm getting ahead of myself but I'm wondering if I'm made to set up an executor account when I handle mum's estate how are debts paid from that account for example my mum has an outstanding care bill.with a normal bank account you could pay a debt by a cheque or debit card or online but how would you physically do it with an executor account?

Comments

  • RAS
    RAS Posts: 35,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Can we combine wilkko's threads?  As responders aren't going to know about the others opened in the last week.

    There is no need for an executor's account. If there are other beneficiaries, you open a new one in your name, re-name it execs of wilkko's mum and use the card you are given to pay bills, just as you do on your own personal account.
    If you've have not made a mistake, you've made nothing
  • Savvy_Sue
    Savvy_Sue Posts: 47,358 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Or you do online banking: long time ago but last time I needed one we opened a joint account, renamed it Execs of ..., and did initial transfers online. Final distribution was by cheque because it was ⅕ of a house, well over the limit for online transfer, and my siblings didn't want the expense of CHAPS.
    Signature removed for peace of mind
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.