Drawing down inheritance to personal bank account ?

Discussion in 'Wills, inheritances and gifts' started by Pablo74, Jan 9, 2017.

  1. Pablo74

    Pablo74 Frequent Poster

    Posts:
    210
    Hi all,
    My wife 's parents passed away over 2 years ago and left their estate to my wife and 2 siblings. The house has now been sold and the funds are currently in the estate account (probate has all been finalized). We would like to take our share of the inheritance so we can invest it for our kids future.
    My question is ... is it best to draw down our share to our joint current account and transfer it out to the saving schemes ( statesavings, zurich) or is there a better way of doing it ? What would be the norm be ?
    Also we just had twins and my wife is on maternity leave, she may also take the 16 weeks unpaid after as things are very busy. My question is ... would having this inheritance effect her maternity pay ?
    Thank you,
    Pablo74
     
  2. Galway21

    Galway21 Registered User

    Posts:
    10
    The norm would be to transfer it into either your wife's account or your joint account.

    The inheritance will not affect your wife's maternity pay.
     
  3. Pablo74

    Pablo74 Frequent Poster

    Posts:
    210
    Thank you for the quick reply Galway21. I am happy with that answer.