Generally yes. Our requirements are that in order to release any cash balances that are part of an Estate, funds can only be released to a bank account specifically in the name of the deceased estate, or a solicitors trust account.
As an example, if the name of the deceased was Mr John Brown, then the name of the bank account may be set up something like this:
The Estate of Mr John Brown
Est of John Brown
Estate of the Late John Brown
If you are using a solicitor to handle the administration of the Estate, then we can alternatively send funds to the solicitors trust account.
Do you need any proof of the account name?
Yes, we'll ask for a copy of the bank statement or bank slip that clearly shows the bank account name and number. We do not need to see transactional or balance information.