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Solicitors suggesting making interim payments re:inheritance
A relative died recently, all his affairs were in order so everything regarding his estate/inheritances etc is straight forward.
However - I'm just curious, the solicitor dealing with things has suggested that one of the benefactors (who is due to get monies remaining from savings/investments after expenses etc have been paid) be given an interim payment (£100,000) while everything else is sorted out.
There is no problem with this as it is actually only a fraction of the worth of the entire estate and the other benefactors will still all get their inheritances, but I was just wondering why the solicitor would suggest this course of action?
Has anybody any ideas regarding this/past experiences of similar?
Like I say - there's no problem, I'm just curious .
However - I'm just curious, the solicitor dealing with things has suggested that one of the benefactors (who is due to get monies remaining from savings/investments after expenses etc have been paid) be given an interim payment (£100,000) while everything else is sorted out.
There is no problem with this as it is actually only a fraction of the worth of the entire estate and the other benefactors will still all get their inheritances, but I was just wondering why the solicitor would suggest this course of action?
Has anybody any ideas regarding this/past experiences of similar?
Like I say - there's no problem, I'm just curious .
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Or the person may have just said "any chance I can have a little bit now?".
Any liquidated assets not distributed should be left on deposit. If you want some, just ask if there is any chance of an interim distribution.
Of course when the Estate account was given, the payments were stated on there. Then they distributed the final payments.
It's quite normal, though for such a small amount it hardly seems worth it. It's likely that the beneficiary has probably had to ask for the money to sort out their own financial affairs, debt etc.:)
Cheers for the replies - it would make sense that this beneficiary receives the interim payment as it is coming from savings etc, whereas the main beneficiary has inherited properties, vehicles and land.