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Where does the money go

1 reply

Noidea2114 · 05/08/2020 15:18

We are POA for my Mil, she has gone into a nursing home and we are in the process of selling her home.
She only has a building society book. This account has her pensions etc paid in to. But you can't pay standing orders, DD or bank transfers in or out.
All her bills have in the past be paid with cash.
We have a buyer and we need to sort out where the money goes so we can pay the fees.
Can we ask the solicitor for a cheque or bankers draft for the money to go into that account or can it be bank transferred into our cheque account or will that incur
us paying tax.

OP posts:
nannynick · 06/08/2020 06:18

Ask the building society if they accept a CHAPS payment into the account. CHAPS is typically used by solicitors for payments for houses, so it won't be an unusual question.

Consider future needs, does your POA give you sufficient power to open another account which you can administer online on their behalf?

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