Legal jargon explained

Lennyzip

Hi , not looking for legal advice here . Just need someone to put this in laymans terms if possible . Probate on my fathers will is coming to completion . Received a letter this morning from the solicitor / executor today . I think the money from my dads bank accounts has been cleared by the revenue / probate , part of letter reads as follows , I just need this bit explained :

" Proceeds of the bank account amounting to xxxx has now been paid to our client account on behalf of xxxx as Executor .
They ( solicitor /executor ) would be in a position to draft Executors Account and hopefully proceed to wind up the estate . "

Does this mean they have the money in their account & can now proceed to divide up the money to beneficiaries , ie the children , as stated in the will ?

Thanks for any responses in advance .

Pat Mustard

They have said that money has been paid into their account. This is self explanatory. They have money.

They hope to be ready to wind up the estate soon. This is also self explanatory.

You should be able to ask the executor for an explanation of the current situation. Perhaps the solicitors who are dealing with the estate might also be in a position to answer queries.