Thread: Executor to a Will

Originally Posted by GuyG

As soon as you notify the banks they will freeze the accounts, just something to be aware of if there are direct debits etc. Depending on how your accounts are setup it might be sensible to transfer some money out so the estate has money to function on until the estate bank account is set up.

Yep.

My missus has just gone through the same.

Parents had a mortgage on a block of land. Upon death, accounts were frozen until probate cleared, and mortgage was paid in full.

The money to pay the mortgage was in the bank, but couldn't be accessed until mortgage was paid.

And, of further note.... Although you want to keep expenses down, any estate expenses will be covered by the estate. Don't deviate from the will without consent of all parties involved. If you try and make any changes, You can then be sued by miffed family members, and the associated expenses will come out of your pocket.