Interim inheritance payment

[Rainyrunway]

I've been left an inheritance from my granny. Both my sister and I are to get 10% each and my dad gets the remaining 80% of the estate. The house has already been signed over to my dad a couple of months ago, and my sister and I are apparently going to get an interim payment of a particular amount in the near future. But why? We haven't asked for an interim payment and we'd have been happy to just wait for the full amount. I mean I'm happy to get it too, I'm not really fussed, but is it usual to get an interim? And if so how do they decide how much will be paid out early?

Why not just hand over the full amount? What did her will actually say? Has it been through probate? Usually the last thing to happen with an estate is for the property to be sold and the money distributed. You say the house has been signed over to your dad, so there shouldn’t be anything left to do. Who is the executor?

The only time I have ever been left money, I got an initial £10k and then a small percentage of what was left at the very end once all the fixed legacies had been paid out. I think it worked out to another couple of thousand, or a bit less.
I'm of the view that you're fortunate to have been left anything; why does it matter how many instalments it turns up in?

Maybe some of the estate has been sorted, eg bank accounts, and you’re going to get your percentage of this.

We make interim payments all the time. Often more than one. Contrary to popular belief, solicitors don't actually want to hang on to clients' money (and most people want ther money NOW).

This will almost certainly be the case.

Interest on savings anoints is quite high atm: better in your account than a solicitor’s!

Put it in a separate account for the Inheritance, don’t fritter it away as it comes in.

Sorry you lost your Gran.

When I received an inheritance from a great aunt it was in two parts. First was the disposal of the cash assets (ie my % from her savings and investments) and then a further payment a few months later once the estate had been settled and all taxes etc paid.

Presume money from Bank Account has been sorted before Probate comes through. It’s not unusual, we did this with my Dad’s bank money, as Probate took about 3 months to come through.

As some have said above, there will be money already available (e.g. bank accounts) and money that takes longer to get at (e.g. selling shares or possessions). There’s no point having someone hang on to money that is coming to you whilst they wait for the last £25 to come through from ObscureSlowFinancialInstitition.com. The money could be in an account earning you interest, executor accounts usually don’t pay interest.

To be clear, since a PP asked - I'm absolutely not complaining. I'm very grateful to have been left something by my lovely gran. I just thought it was a bit strange and wondered why it was done like that. I was of the understanding that nothing would be handed out until everything was sorted unless people specifically requested it, for instance a widow needed money to avoid hardship. I also thought it was strange that the house was signed over a while back, but again I wasn't bothered. Just wondering why. So it's usual practice to pay out in installments, even if we haven't requested it?

Oh and to be clear my dad didn't ask for the house to be signed over early either. In fact I think he was a bit disappointed because now he's paying the bills while he decides what to do with it. First world problems!

We have this with my late mum's estate
The bulk was paid out last year but the final sum will be paid when tax and final fees are sorted.
Doesn't help that our solicitor tends to sit on things until urged, it could have been wrapped up ages ago but she is definitely on the slow side (family friend so we don't want to give her an ultimatum).

Interim payments are, as PP have said, entirely usual practice.