Executor of Inheritance

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Adam_7985

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Joined: Sun Jun 11, 2017 7:28 pm

Post by Adam_7985 » Thu May 31, 2018 12:34 pm
Hi, my father passed away last year and I am the executor of his estate, my dad had it written in his will that my share will go to my children because he didn't want his money to go to the IVA company, anyway the sale of his house is about to complete and all the money will be transferred to me to distribute to everyone, should I inform the Iva company and send them the will as proof, just checking if they will question why the money is being put into my kids account, do they have any right to check into their accounts?

Thanks

Adam_7985

Posts: 32
Joined: Sun Jun 11, 2017 7:28 pm

Post by Adam_7985 » Thu May 31, 2018 12:36 pm
Sorry I have 4 other siblings and my share is to be split between my children

Lisa Thomas

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Post by Lisa Thomas » Thu May 31, 2018 2:40 pm
I don't see that it's relevant as this is not an asset of yours, you are simply the Executor and as long as the funds go to your children per the Will I don't think the IP needs to be informed.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Foggy

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Post by Foggy » Sun Jun 03, 2018 9:34 am
As long as the kids are named as beneficiaries and you are not the IP doesn't need to know. The kids accounts are their private business, not your IP's.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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