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  • FIRST POST
    • Seppo56
    • By Seppo56 4th Mar 18, 3:53 PM
    • 2Posts
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    Seppo56
    Solicitor's cheques
    • #1
    • 4th Mar 18, 3:53 PM
    Solicitor's cheques 4th Mar 18 at 3:53 PM
    Hi everyone,
    My son has just received an inheritance cheque from his great uncles solicitors. It is in the name of "Parents of sons name"
    Can this cheque be paid into his current account or will it have to go via his mothers or my account first ?
Page 1
    • agrinnall
    • By agrinnall 4th Mar 18, 7:17 PM
    • 20,164 Posts
    • 15,889 Thanks
    agrinnall
    • #2
    • 4th Mar 18, 7:17 PM
    • #2
    • 4th Mar 18, 7:17 PM
    How old is your son?
    • Seppo56
    • By Seppo56 4th Mar 18, 8:35 PM
    • 2 Posts
    • 0 Thanks
    Seppo56
    • #3
    • 4th Mar 18, 8:35 PM
    • #3
    • 4th Mar 18, 8:35 PM
    My son is fifteen
    • StokieBecks
    • By StokieBecks 5th Mar 18, 7:01 AM
    • 4,527 Posts
    • 27,264 Thanks
    StokieBecks
    • #4
    • 5th Mar 18, 7:01 AM
    • #4
    • 5th Mar 18, 7:01 AM
    Think it has to go to you or his mother initially as he can't inherit until he is 18. You are supposed to hold it for him which is why the solicitor addressed it to you but best to speak to your own bank
    • jonesMUFCforever
    • By jonesMUFCforever 5th Mar 18, 6:10 PM
    • 24,788 Posts
    • 11,994 Thanks
    jonesMUFCforever
    • #5
    • 5th Mar 18, 6:10 PM
    • #5
    • 5th Mar 18, 6:10 PM
    I would return the cheque to the solicitors as the way its written MAY make it impossible to bank.
    The cheque should be in the name of the parent (full name) or the solicitor should open a trust account until such time as the child is old enough to inherit.
    What goes around - comes around
    give lots and you will always receive lots
    • xylophone
    • By xylophone 5th Mar 18, 8:58 PM
    • 25,377 Posts
    • 14,973 Thanks
    xylophone
    • #6
    • 5th Mar 18, 8:58 PM
    • #6
    • 5th Mar 18, 8:58 PM
    I think that you may have difficulty depositing this cheque.

    It would seem that you and your husband need to open an account "in bare trust" for your child until he is 18.

    You can then return the cheque to the solicitor and ask him the solicitor to make the cheque payable as specified by the bank or building society.
    Example

    https://www.coventrybuildingsociety.co.uk/pdfs/Childrens_opening_guide.pdf

    As well as our special accounts for children, you can open some Coventry
    savings accounts For children, as a joint account with children, or keep
    money in a trust.
    If you're interested in doing this, or want to find out more
    about the accounts we're offering at the moment, talk to our specialists at
    any branch or call 0800 121 8899.


    Does your son have a CTF/JISA? It would be possible to transfer money from the Trust Account to the CTF/JISA as appropriate.
    Last edited by xylophone; 05-03-2018 at 9:02 PM. Reason: removing mse meaningless string of numbers
    • Robin9
    • By Robin9 6th Mar 18, 8:06 AM
    • 2,550 Posts
    • 1,649 Thanks
    Robin9
    • #7
    • 6th Mar 18, 8:06 AM
    • #7
    • 6th Mar 18, 8:06 AM
    Did the solicitor not write to you / your son to confirm the bequest details and to ask to whom the cheque should be paid.
    Never pay on an estimated bill
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