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ukfamilysolicitor
ukfamilysolicitor, Solicitor
Category: Law
Satisfied Customers: 848
Experience:  Qualified Solicitor Currently specialising in Family. Also experienced in Corporate, Employment, Civil Litigation, Debt Recovery
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When a property sold and there are 2 names on the ownership

Resolved Question:

when a property sold and there are 2 names on the ownership can the sale proceeds go into either names bank account or must they set up a new account?
Submitted: 1 year ago.
Category: Law
Expert:  ukfamilysolicitor replied 1 year ago.
Hello
Welcome to Just Answer
I am a Solicitor and will assist.
If both agree then in can be paid into a sole account. The Solicitor paying the monies will likely ask for written authority of this instruction.
Just need to be wary for yourselves that the person getting the money into their sole account can be trusted.
Kind Regards
Caroline
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