Can any solicitors help?

[princess_s]

Its just a basic question really, my aunt died and left a solicitor as executor of her will.

We have asked her for payment on account as my aunt died in August and the estate still hasnt been resolved. Anyway she told me that she had the money on deposit and that it would take about a week to get the money out.

So basically when she says 'on deposit' what does that actually mean? Sorry to sound stupid.

Thanks in advance.

[RichBurley]

It means that the money is being held in a specific bank account, accumulating interest to which the estate and hence, the beneficiary, will received the benefit. It actually only takes one day to take money "off account". I ask my cashier, and it's available guaranteed by the next day, including the extra interest.

Whether the solicitor is required to make a payment in this case is a different matter, that I can't answer, as it is an area of law I don't specialise in, although I'd guess if they are an executor and still dealing with the situation, then why can't they just be encouraged to just "get on with it", rather than make an interim payment?

HTH

Edited by RichBurley on Tuesday 20th March 20:24

[princess_s]

we have tried to make them go faster but to no avail. Thanks for answering my question btw. It took them about 4 months to put the house on the market and when it sold we told it was a cash sale should be 6-8 weeks is now looking like 3 months, i think this is why she has agreed to make the payment. Every time we ring up to find out progress we find that not a lot has happened.

[RichBurley]

You have to keep ringing, and put pressure on them, unfortunately!

PS, I spoke to that indemnity insurance broker today, he said you didn't call. Did you get sorted elsewhere, or are you still looking?

Edited by RichBurley on Tuesday 20th March 20:33

[princess_s]

Thanks i didnt really want to resort to that but its been so long now i think its was it has come too.