08
Inheritance Account
A structured ledger for receiving and distributing a settled estate.
Overview
How this ledger works
The Inheritance Account is modelled to hold assets transferred through an estate before they are distributed among beneficiaries, with an executor or administrator managing the ledger under the modelled estate documentation.
Key features
- Managed by a named executor or administrator (modelled)
- Holds funds pending distribution to beneficiaries
- Supports multiple beneficiary allocations (demo)
- Illustrative interest continues to accrue during distribution
Who it's for
- Executors or administrators of an estate
- Beneficiaries awaiting a structured payout
- Families formalising an inheritance transfer
Rates & charges (illustrative)
| Detail | Value |
|---|---|
| Minimum opening deposit | $0.00 |
| Illustrative interest rate | 2.90% p.a. |
| Distribution processing (modelled) | Batch transfer to beneficiary accounts |
| Documentation required (modelled) | Grant of probate / letters of administration |
Frequently asked
In this model, the named executor or administrator of the estate opens and manages it.
Yes, this model supports splitting the balance across multiple beneficiary allocations.
A grant of probate or letters of administration, standing in for real estate documentation.
Express Interest
Open this account
confirmation
Your interest in an Inheritance Account has been logged in mode only. Reference no. EDU-000000. No real action has been taken.