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Closed petition Compulsory for an Executor to use a 3rd party bank account for all Estate funds
Make it a compulsory legal requirement for an Executor of a Will to use a third party bank account for all Estate funds and Assets to provide protection for all Beneficiaries of the Estate.
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There is currently very little to no legal protection for the Beneficiaries of a deceased’s Estate. By making this a legal requirement a layer of financial protection is enforced between the 2 parties, Executor and Beneficiary, to ensure the deceased’s final wishes are carried out correctly. The third party account should be in the name of a registered Solicitor/Solicitor Firm who holds a professional position of trust.
This petition is closed All petitions run for 6 months