As executor to my late mothers estate, I have received a couple of cheques for overpayments made out to the Executors of the late .....
Presumably I will have to wait until I received the grant of probate certificates. However, will I need to return each one back to the appropriate organisation with a Grant of Probate for them to re-issue a another cheque in my name? Or can I pay them all straight in to my bank account with just one Grant of Probate?
No, you should be able to pay them into your mother's account now.
No.
Having paid the cheques into your mother's account, then once you receive grant of probate, you can extract the new funds together with the old.
Thanks, however my mother's account has been frozen to prevent anything going out of it. I was lead to believe that nothing can go into a deceased persons account either. Presumably this means I will have to l pay in cheques via the office that deals with deceased account holders estates rather than just hand them in to a branch?
Depending on the value of the cheques and if you only have a couple then when you get the GoP take it to your bank, ask to speak to the manager and ask if you can bank them. Common sense would suggest that they agree to this. Technically though they can say no - it is then that you have to make a decision - go through the rigmarole of opening an Executor's account or getting the cheques altered into your name.
At HBOS my late mothers current account wasn't frozen... just on the debit side of things. I can't speak for all banks but at HBOS they allowed anything to be paid in for many months after death.
That's what I might do. However some reading up in between these posts has revealed some banks are clueless about the procedure.
Which I don't really want the hassle of. So far it's less than £100 which is basically the last payment that went out around the time she died. I understand a separate executor's account is more appropriate if there are several beneficiaries from the estate so as to keep the funds separate away from a personal account. However in this case I am the sole beneficiary.
Others have suggested paying them in to my mother's account prior to that being closed and paid out to me.
On a slightly different note I arranged the freezing of the account in person at a branch. Two weeks later after chasing their estates settlement department up for a letter of confirmation, I learned that it hadn't been frozen after all. Consequently direct debits were still going out. That error cost Lloyds TSB over £200 as they had to refund the amount back to replace what went out.
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