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solicitor refusing to transfer my part of house sale to sibling
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user1977 said:schoey61 said:thanks for your reply, was wondering if anyone knows the actual "legality" of this situation, ie. are the solicitors legally bound to transfer my proceeds into my account or, as I wish into a "third party " account,0
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schoey61 said:user1977 said:schoey61 said:thanks for your reply, was wondering if anyone knows the actual "legality" of this situation, ie. are the solicitors legally bound to transfer my proceeds into my account or, as I wish into a "third party " account,
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So the intention is that you still get 1/3 of the proceeds, but don't want to pay the exchange fee? If you transfer to your sibling, the money surely becomes theirs?2
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user1977 said:schoey61 said:user1977 said:schoey61 said:thanks for your reply, was wondering if anyone knows the actual "legality" of this situation, ie. are the solicitors legally bound to transfer my proceeds into my account or, as I wish into a "third party " account,0
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schoey61 said:user1977 said:schoey61 said:user1977 said:schoey61 said:thanks for your reply, was wondering if anyone knows the actual "legality" of this situation, ie. are the solicitors legally bound to transfer my proceeds into my account or, as I wish into a "third party " account,
They have a duty of care with client money and it's safer (and less hassle) for them to ensure it goes to account(s) in the names of the sellers rather than have potential arguments about the validity of instructions to do otherwise.
If you don't like that, you don't need to use them (and they don't need to continue to act for you).2 -
user1977 said:schoey61 said:user1977 said:schoey61 said:user1977 said:schoey61 said:thanks for your reply, was wondering if anyone knows the actual "legality" of this situation, ie. are the solicitors legally bound to transfer my proceeds into my account or, as I wish into a "third party " account,
They have a duty of care with client money and it's safer (and less hassle) for them to ensure it goes to account(s) in the names of the sellers rather than have potential arguments about the validity of instructions to do otherwise.
If you don't like that, you don't need to use them (and they don't need to continue to act for you).0 -
schoey61 said:user1977 said:schoey61 said:user1977 said:schoey61 said:user1977 said:schoey61 said:thanks for your reply, was wondering if anyone knows the actual "legality" of this situation, ie. are the solicitors legally bound to transfer my proceeds into my account or, as I wish into a "third party " account,
They have a duty of care with client money and it's safer (and less hassle) for them to ensure it goes to account(s) in the names of the sellers rather than have potential arguments about the validity of instructions to do otherwise.
If you don't like that, you don't need to use them (and they don't need to continue to act for you).Repeating part of user1977's point, in UK law the general principle is things are legal unless there is something that makes them illegal.So if there were a law that a solicitor must pay a legacy into whatever bank account a beneficiary nominates then the solicitor would be acting unlawfully by having (and operating) a policy of only paying money to an account in a beenficary's name. But there is no such law, hence the solicitor is free to have a policy with that effect.4 -
can you open an online account with one of your siblings uk addresses and have the money put in there? Or a joint account with a sibling?1
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Section62 said:schoey61 said:user1977 said:schoey61 said:user1977 said:schoey61 said:user1977 said:schoey61 said:thanks for your reply, was wondering if anyone knows the actual "legality" of this situation, ie. are the solicitors legally bound to transfer my proceeds into my account or, as I wish into a "third party " account,
They have a duty of care with client money and it's safer (and less hassle) for them to ensure it goes to account(s) in the names of the sellers rather than have potential arguments about the validity of instructions to do otherwise.
If you don't like that, you don't need to use them (and they don't need to continue to act for you).Repeating part of user1977's point, in UK law the general principle is things are legal unless there is something that makes them illegal.So if there were a law that a solicitor must pay a legacy into whatever bank account a beneficiary nominates then the solicitor would be acting unlawfully by having (and operating) a policy of only paying money to an account in a beenficary's name. But there is no such law, hence the solicitor is free to have a policy with that effect.0
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