Hello,
I am the trustee and executor of my recently departed father. We have a small property (Demountable Home in a Home Park) to dispose of. I have an estate bank account for the will purpose. Upon sale (In the state of Victoria under $107,000.00 - no probate required) does the proceeds need to be placed through the estate account? The seller (Home Park Owner) insists the payments go through their general account. I am nervous of this for accountability purposes.
Any help would be appreciated.
Cheers,
Gideon
I am the trustee and executor of my recently departed father. We have a small property (Demountable Home in a Home Park) to dispose of. I have an estate bank account for the will purpose. Upon sale (In the state of Victoria under $107,000.00 - no probate required) does the proceeds need to be placed through the estate account? The seller (Home Park Owner) insists the payments go through their general account. I am nervous of this for accountability purposes.
Any help would be appreciated.
Cheers,
Gideon
