Myself and my daughter are joint executors of my uncles straightforward affairs and have already extracted probate ourselves.
For reasons of convenience, it would be much simpler not to have a separate executors account. A both to sign joint account cannot be used for online transfers afaik.
So would the be legit to pay the beneficiaries out of my personal account, assuming the coexecutor agrees? All online transactions would be easily checkable. I can't find any legal requirement for a joint account. Revenue could not say yay nor nay when I phoned up. They said write in and ask which I've done.
Thoughts?
For reasons of convenience, it would be much simpler not to have a separate executors account. A both to sign joint account cannot be used for online transfers afaik.
So would the be legit to pay the beneficiaries out of my personal account, assuming the coexecutor agrees? All online transactions would be easily checkable. I can't find any legal requirement for a joint account. Revenue could not say yay nor nay when I phoned up. They said write in and ask which I've done.
Thoughts?