Giving bank account details probate?

wilkko73

I've got a probate questionnaire to fill in to help the solicitor fill in forms for me(solicitor is only doing form filling for probate to get grant-fixed fee) and it asks for bank account details of my diseased mum's account but it's been closed and the funds are in my account at the moment so I'm wondering if other people did that and didn't have an executor account how did they fill the proper probate forms when it asked about the diseased bank accounts if they had been closed and the money was in your own account?I'm thinking of ringing the Barclays bereavement team this morning to see if they can help to book an appointment to get another account opened to distance things from me

Keep_pedalling

What you have is a solicitors stand questionnaire for dealing with an estate and it asks for more detail than is required just to do probate. The probate application is actually quite straightforward forward and does not go in to the level of detail needed if an IHT return is required.

Have a read through the form yourself.

https://assets.publishing.service.gov.uk/media/65a900ce94c9970013aeb9c6/PA1P_0124_citizen.pdf

If it’s not too late to back out you can almost certainly complete the on line version yourself and save a bit of money. 

https://www.gov.uk/applying-for-probate/apply-for-probate

wilkko73

Keep_pedalling said:

What you have is a solicitors stand questionnaire for dealing with an estate and it asks for more detail than is required just to do probate. The probate application is actually quite straightforward forward and does not go in to the level of detail needed if an IHT return is required.

Have a read through the form yourself.

https://assets.publishing.service.gov.uk/media/65a900ce94c9970013aeb9c6/PA1P_0124_citizen.pdf

If it’s not too late to back out you can almost certainly complete the on line version yourself and save a bit of money. 

https://www.gov.uk/applying-for-probate/apply-for-probate

That's interesting the thing is that the forms don't seem to ask for bank details that you've shown me so yes the solictor's have thrown in another layer of complications for me considering my brain at the moment can't cope with forms,I've got a big questionnaire to fill in!.This has been a disaster really but I've been living under intense stress as feeling unwell after a long caring role so haven't been thinking clearly,I was so paranoid about the solicitors that were going to be the executor hearing about the death and starting to act on the estate which I thought was going to be very costly,so I jumped in quicker with all of this than it was healthy for me to do so,so I could  ask them to renounce,Sadly I signed the papers last week and they had prepared loads of stuff to give me so I would have to pay for all of that anyway.
If I hadn't been in the solicitors eco system I could have done things differently and they're asking for her account details and they wont like the money in my account so I think I've got to ring Barclays this morning and talk about executor accounts but that may be too late to open one of them now that the money is in my account I imagine it could only going one of them directly from the diseased account.

Keep_pedalling

wilkko73 said:

Keep_pedalling said:

What you have is a solicitors stand questionnaire for dealing with an estate and it asks for more detail than is required just to do probate. The probate application is actually quite straightforward forward and does not go in to the level of detail needed if an IHT return is required.

Have a read through the form yourself.

https://assets.publishing.service.gov.uk/media/65a900ce94c9970013aeb9c6/PA1P_0124_citizen.pdf

If it’s not too late to back out you can almost certainly complete the on line version yourself and save a bit of money. 

https://www.gov.uk/applying-for-probate/apply-for-probate

That's interesting the thing is that the forms don't seem to ask for bank details that you've shown me so yes the solictors have thrown in another layer of complications for me considering I can't cope with forms,I've got a big questionnaire to fill in.This has been a disaster really but I've been living under intense stress as feeling unwell after a long caring role so haven't been thinking clearly,I was so paranoid about the solicitors that were going to be the executor hearing about the death and starting to act on the estate which I thought was going to be very costly,so I jumped in quicker with all of this than it was healthy for me to do so,so I could  ask them to renounce,Sadly I signed the papers last week and they had prepared loads of stuff to give me so I would have to pay for all of that anyway.
If I hadn't been in the solicitors eco system I could have done things differently and they're asking for her account details and they wont like the money in my account so I think I've got to ring Barclays this morning and talk about executor accounts but that may be too late to open one of them now that the money is in my account I imagine it could only going one of them directly from the diseased account.

No, you do not need set up an executor account, the money (after you have paid the estate expenses) is yours, you are the sole beneficiary and you are paying the solicitors to fill in the probate forms nothing more, just give them the info they have asked for and try to stop worrying about this, you have done nothing wrong. 

wilkko73

Keep_pedalling said:

wilkko73 said:

Keep_pedalling said:

What you have is a solicitors stand questionnaire for dealing with an estate and it asks for more detail than is required just to do probate. The probate application is actually quite straightforward forward and does not go in to the level of detail needed if an IHT return is required.

Have a read through the form yourself.

https://assets.publishing.service.gov.uk/media/65a900ce94c9970013aeb9c6/PA1P_0124_citizen.pdf

If it’s not too late to back out you can almost certainly complete the on line version yourself and save a bit of money. 

https://www.gov.uk/applying-for-probate/apply-for-probate

That's interesting the thing is that the forms don't seem to ask for bank details that you've shown me so yes the solictors have thrown in another layer of complications for me considering I can't cope with forms,I've got a big questionnaire to fill in.This has been a disaster really but I've been living under intense stress as feeling unwell after a long caring role so haven't been thinking clearly,I was so paranoid about the solicitors that were going to be the executor hearing about the death and starting to act on the estate which I thought was going to be very costly,so I jumped in quicker with all of this than it was healthy for me to do so,so I could  ask them to renounce,Sadly I signed the papers last week and they had prepared loads of stuff to give me so I would have to pay for all of that anyway.
If I hadn't been in the solicitors eco system I could have done things differently and they're asking for her account details and they wont like the money in my account so I think I've got to ring Barclays this morning and talk about executor accounts but that may be too late to open one of them now that the money is in my account I imagine it could only going one of them directly from the diseased account.

No, you do not need set up an executor account, the money (after you have paid the estate expenses) is yours, you are the sole beneficiary and you are paying the solicitors to fill in the probate forms nothing more, just give them the info they have asked for and try to stop worrying about this, you have done nothing wrong. 

Thank you,I will have to tell them mum's accounts are closed,would it be prudent to add a savings account to my online account to separate the money from my personal account?Another thing how will they get the probate code from HMRC will that be sent to me soon as a result of me using the tell us once service when I registered mum's death or should i have written to HMRC?

Keep_pedalling

wilkko73 said:

Keep_pedalling said:

wilkko73 said:

Keep_pedalling said:

What you have is a solicitors stand questionnaire for dealing with an estate and it asks for more detail than is required just to do probate. The probate application is actually quite straightforward forward and does not go in to the level of detail needed if an IHT return is required.

Have a read through the form yourself.

https://assets.publishing.service.gov.uk/media/65a900ce94c9970013aeb9c6/PA1P_0124_citizen.pdf

If it’s not too late to back out you can almost certainly complete the on line version yourself and save a bit of money. 

https://www.gov.uk/applying-for-probate/apply-for-probate

That's interesting the thing is that the forms don't seem to ask for bank details that you've shown me so yes the solictors have thrown in another layer of complications for me considering I can't cope with forms,I've got a big questionnaire to fill in.This has been a disaster really but I've been living under intense stress as feeling unwell after a long caring role so haven't been thinking clearly,I was so paranoid about the solicitors that were going to be the executor hearing about the death and starting to act on the estate which I thought was going to be very costly,so I jumped in quicker with all of this than it was healthy for me to do so,so I could  ask them to renounce,Sadly I signed the papers last week and they had prepared loads of stuff to give me so I would have to pay for all of that anyway.
If I hadn't been in the solicitors eco system I could have done things differently and they're asking for her account details and they wont like the money in my account so I think I've got to ring Barclays this morning and talk about executor accounts but that may be too late to open one of them now that the money is in my account I imagine it could only going one of them directly from the diseased account.

No, you do not need set up an executor account, the money (after you have paid the estate expenses) is yours, you are the sole beneficiary and you are paying the solicitors to fill in the probate forms nothing more, just give them the info they have asked for and try to stop worrying about this, you have done nothing wrong. 

Thank you,I will have to tell them mum's accounts are closed,would it be prudent to add a savings account to my online account to separate the money from my personal account?Another thing how will they get the probate code from HMRC will that be sent to me soon as a result of me using the tell us once service when I registered mum's death or should i have written to HMRC?

If it makes you feel more comfortable, by all means open a savings account for all estate money. I would also just add a note telling them that the account is closed and that you are holding the money.

As no IHT return is required, you won’t need an HMRC code.

wilkko73

Keep_pedalling said:

wilkko73 said:

Keep_pedalling said:

wilkko73 said:

Keep_pedalling said:

What you have is a solicitors stand questionnaire for dealing with an estate and it asks for more detail than is required just to do probate. The probate application is actually quite straightforward forward and does not go in to the level of detail needed if an IHT return is required.

Have a read through the form yourself.

https://assets.publishing.service.gov.uk/media/65a900ce94c9970013aeb9c6/PA1P_0124_citizen.pdf

If it’s not too late to back out you can almost certainly complete the on line version yourself and save a bit of money. 

https://www.gov.uk/applying-for-probate/apply-for-probate

That's interesting the thing is that the forms don't seem to ask for bank details that you've shown me so yes the solictors have thrown in another layer of complications for me considering I can't cope with forms,I've got a big questionnaire to fill in.This has been a disaster really but I've been living under intense stress as feeling unwell after a long caring role so haven't been thinking clearly,I was so paranoid about the solicitors that were going to be the executor hearing about the death and starting to act on the estate which I thought was going to be very costly,so I jumped in quicker with all of this than it was healthy for me to do so,so I could  ask them to renounce,Sadly I signed the papers last week and they had prepared loads of stuff to give me so I would have to pay for all of that anyway.
If I hadn't been in the solicitors eco system I could have done things differently and they're asking for her account details and they wont like the money in my account so I think I've got to ring Barclays this morning and talk about executor accounts but that may be too late to open one of them now that the money is in my account I imagine it could only going one of them directly from the diseased account.

No, you do not need set up an executor account, the money (after you have paid the estate expenses) is yours, you are the sole beneficiary and you are paying the solicitors to fill in the probate forms nothing more, just give them the info they have asked for and try to stop worrying about this, you have done nothing wrong. 

Thank you,I will have to tell them mum's accounts are closed,would it be prudent to add a savings account to my online account to separate the money from my personal account?Another thing how will they get the probate code from HMRC will that be sent to me soon as a result of me using the tell us once service when I registered mum's death or should i have written to HMRC?

If it makes you feel more comfortable, by all means open a savings account for all estate money. I would also just add a note telling them that the account is closed and that you are holding the money.

As no IHT return is required, you won’t need an HMRC code.

Hi just out of interest if that  official probate form doesn't ask for bank statements how do they really know how much people really have?Does the bank send them paperwork after a death as a matter of course otherwise people could just make up balances to suit themselves?

Robbie64

wilkko73 said:

Keep_pedalling said:

wilkko73 said:

Keep_pedalling said:

What you have is a solicitors stand questionnaire for dealing with an estate and it asks for more detail than is required just to do probate. The probate application is actually quite straightforward forward and does not go in to the level of detail needed if an IHT return is required.

Have a read through the form yourself.

https://assets.publishing.service.gov.uk/media/65a900ce94c9970013aeb9c6/PA1P_0124_citizen.pdf

If it’s not too late to back out you can almost certainly complete the on line version yourself and save a bit of money. 

https://www.gov.uk/applying-for-probate/apply-for-probate

That's interesting the thing is that the forms don't seem to ask for bank details that you've shown me so yes the solictors have thrown in another layer of complications for me considering I can't cope with forms,I've got a big questionnaire to fill in.This has been a disaster really but I've been living under intense stress as feeling unwell after a long caring role so haven't been thinking clearly,I was so paranoid about the solicitors that were going to be the executor hearing about the death and starting to act on the estate which I thought was going to be very costly,so I jumped in quicker with all of this than it was healthy for me to do so,so I could  ask them to renounce,Sadly I signed the papers last week and they had prepared loads of stuff to give me so I would have to pay for all of that anyway.
If I hadn't been in the solicitors eco system I could have done things differently and they're asking for her account details and they wont like the money in my account so I think I've got to ring Barclays this morning and talk about executor accounts but that may be too late to open one of them now that the money is in my account I imagine it could only going one of them directly from the diseased account.

No, you do not need set up an executor account, the money (after you have paid the estate expenses) is yours, you are the sole beneficiary and you are paying the solicitors to fill in the probate forms nothing more, just give them the info they have asked for and try to stop worrying about this, you have done nothing wrong. 

Thank you,I will have to tell them mum's accounts are closed,would it be prudent to add a savings account to my online account to separate the money from my personal account?Another thing how will they get the probate code from HMRC will that be sent to me soon as a result of me using the tell us once service when I registered mum's death or should i have written to HMRC?

BiB: this is the best thing to do. Move all of the money that is part of the estate into a separate account. Ideally the account will allow withdrawals directly from the account but even if you have to move funds into your main account to withdraw them, this is better than keeping everything related to the estate in your own current account.

My bank allows savings accounts to be opened and maintained online. Although separate to my current account, I have to use my current account to withdraw money from the savings account*. At least though, the money is in a different account with its own balance.

*It's actually the Nationwide I'm with, so not really a bank but it's much the same. If I was to open a savings account in branch rather than online I believe I would be given a debit card for the savings account to access funds rather than having to withdraw any funds via my current account.

wilkko73

Hi thank you I opened a Barclays saving account and I think it said payments could be made from it.My mum's Barclays account that got closed the funds were sent to my current account so the DWP will be aware of that so I'm probably stuffed for claiming any benefits now if I wanted to but at least if I quickly pay estate debts I can live on the money left to me for a while.I have no idea how the inheritance of a home effects claiming benefits,I've always lived in it since birth so it's my primary home.once probate has been done,I transfer the home in to my name and sell it to buy a cheaper property to give me a breathing space.

Robbie64

If you live in the house you have inherited then it has no effect on means tested benefits.

Legally, until the estate is settled then monies that were transferred from your mum's account should have no effect on your benefits (again, this is means tested benefits). My understanding is that the money isn't part of your capital at this point. If you can get those funds into a separate account and untangle them from your own finances then this will be better. Once the estate has been settled, and if you are the only beneficiary, then what remains in this separate account will become part of your own capital.

Keep a good paper trail and if you can, try and avoid spending any of the money you have received into your account on anything other than things in connection with administering the estate. If you start to buy things for yourself, or use the money now to start paying off your own bills you'll find it more difficult to get the DWP to ignore the funds until the estate has been settled.

wilkko73

Robbie64 said:

If you live in the house you have inherited then it has no effect on means tested benefits.

Legally, until the estate is settled then monies that were transferred from your mum's account should have no effect on your benefits (again, this is means tested benefits). My understanding is that the money isn't part of your capital at this point. If you can get those funds into a separate account and untangle them from your own finances then this will be better. Once the estate has been settled, and if you are the only beneficiary, then what remains in this separate account will become part of your own capital.

Keep a good paper trail and if you can, try and avoid spending any of the money you have received into your account on anything other than things in connection with administering the estate. If you start to buy things for yourself, or use the money now to start paying off your own bills you'll find it more difficult to get the DWP to ignore the funds until the estate has been settled.

Thank you.