Currently the executor along with a Solicitor executor for a deceased estate. Deceased has majority of savings with Canada life but despite requests by solicitor they will not release all of the funds to pay the IHT bill, thankfully another institute has released their whole funds but still short of paying the full bill. Canada life say they won’t pay till probate has been granted. So solicitor has opted for paying IHt by instalment, but I imagine there will be a gap before Canada life release all funds to pay HMRC which will invariably mean the estate will pay interest. If the stock market falls in the meantime what will those funds be. Will there still be commission going to the deceased’s broker. I doubt whether this was ever explained to the deceased. Always thought financial institutions released funds to pay for these costs. So I would be very wary of putting all nest eggs in one basket.
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