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Bank Closure forms

edited 30 November -1 at 12:00AM in Deaths, Funerals & Probate
2 replies 444 views
WoolingtonWoolington
120 posts
Forumite
edited 30 November -1 at 12:00AM in Deaths, Funerals & Probate
Hi all,
the Grant of Probate has been given and our solicitor is sending all four executors out bank closure forms to all sign. These were the four banks that insisted on waiting for probate before issuing their contents. What are we signing to say?

I ask, because there were two other accounts which were closed and put into one executor's own account before ending up in our estate account. Should we all be signing for those too?

Just confused as usual!

Replies

  • DoxDox
    2K posts
    Forumite
    1000 Posts Second Anniversary
    ✭✭✭
    Woolington wrote: »
    Hi all,
    the Grant of Probate has been given and our solicitor is sending all four executors out bank closure forms to all sign. These were the four banks that insisted on waiting for probate before issuing their contents. What are we signing to say?

    The simple answer (not meant to be unhelpful) is read the forms before signing. They should be straightforward - who you are, that you're an executor, that you'd like the account closed and the funds transferred to [details of destination].

    As you've already found, some banks pay out without requiring probate so no, you don't need to do anything further if those accounts have already been closed.
  • WoolingtonWoolington
    120 posts
    Forumite
    It's not at all unhelpful Dox! thank you!

    As you've already found, some banks pay out without requiring probate so no, you don't need to do anything further if those accounts have already been closed.

    Isn't that mad!!! I hope it's not common knowledge, because it'd be very easy to steal from an estate that way. I can't believe they don't also require all executor's permission! The two banks that were cashed by one person amounted to £40K!
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