Hi
I am on the Committee of Management at a not for profit Aged Care facility. When returning bonds to resident families what are our options. Can we just deposit the money in a nominated solicitors trust fund or set up a bank account in the name of the estate of the deceased person? We are trying to avoid paying the 4.95% interest accrued on money when awaiting probate. is there a way of doing this?
I am on the Committee of Management at a not for profit Aged Care facility. When returning bonds to resident families what are our options. Can we just deposit the money in a nominated solicitors trust fund or set up a bank account in the name of the estate of the deceased person? We are trying to avoid paying the 4.95% interest accrued on money when awaiting probate. is there a way of doing this?