How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask UK-Justice Your Own Question
UK-Justice
UK-Justice, Barrister
Category: UK Law
Satisfied Customers: 16193
Experience:  Called to the Bar in 2007
41133288
Type Your UK Law Question Here...
UK-Justice is online now
A new question is answered every 9 seconds

As an executor we need a bank account for a deceased persons

Customer Question

As an executor we need a bank account for a deceased person's estate.

However, we do not seem to be able to get a bank account, without probate.

We are in receipt of cheques for the deceased, and these need to be banked.

Overpayments need to be repaid. etc.

As part of the probate application process, a bank account seems essential.

Solicitors acting as executors, perhaps have a way round this difficulty?

Thank you

Robert
Submitted: 5 years ago.
Category: UK Law
Expert:  UK-Justice replied 5 years ago.
Thanks for your question. Please remember to rate my answer SMILEY FACE OR ABOVE so that I am credited for my time.

Do they not already have any bank account?
Customer: replied 5 years ago.

Thank you - the executor has a personal bank account in his own name.


 


Cheques from say life policies are made payable to the estate of the deceased, and cannot normally be banked in the executor's personal bank account.


 


Regards


 


Robert

Expert:  UK-Justice replied 5 years ago.
Does the deceased have a bank account?
Customer: replied 5 years ago.

The deceased had a bank account.


 


However, on death bank accounts must be closed.

Expert:  UK-Justice replied 5 years ago.
Are the accounts now closed?

If so how did you get the money out?
Customer: replied 5 years ago.
The accounts are closed, and typically the money sits in the accounts
Expert:  UK-Justice replied 5 years ago.
In that case you need to hold onto the cheques and get provate.

Once you have probate you can deposit the cheques and withdraw the money,

Normally a bank would allow deposits where someone has died but not withdraws.

This is because the bank can not close the account without probate being granted.

So check with the bank. I suspect you can not take money out, only deposit it.

If that does not work then you need to hold onto the payments and get probate.

Once the probate has been granted you can operate the account.


Please remember to click *** SMILEY FACE *** or above so that I am credited for my time. The question does not close and you can ask follow ups.

Important: If you feel the need to rate as one of the lower two scores, it counts as negative feedback so please reply to me via the REPLY with any further questions you may have. I will be happy to assist