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Thanks Peridot and 2222 for your replies. Yes 2222, an absconding did cross my mind at one point but I think my nephew is too embedded within his extended family and community to do this.
Peridot, I was asking about interest and wondering if the period of one year after the death should be a Caveat free period or does the Caveat not affect the one year waiting period. I thought that if I mention that I am now in a position to claim interest on the outstanding amount it would speed things up a bit maybe.
I looked at the reference CPR Part 40, Practice Direction 40A para 15 and read it a few times. It is interesting, but as you say, gives no guidance as to what rate should be paid. I agree with you saying that it should reflect the general bank savings interest rate. I am willing to explore this further but I think I may wait a little longer. The problem is, without any communication I have no idea of how close I am to receiving the legacy.
I'll keep you informed of developments.
Many thanks,
Regards, victor.
Peridot, I was asking about interest and wondering if the period of one year after the death should be a Caveat free period or does the Caveat not affect the one year waiting period. I thought that if I mention that I am now in a position to claim interest on the outstanding amount it would speed things up a bit maybe.
I looked at the reference CPR Part 40, Practice Direction 40A para 15 and read it a few times. It is interesting, but as you say, gives no guidance as to what rate should be paid. I agree with you saying that it should reflect the general bank savings interest rate. I am willing to explore this further but I think I may wait a little longer. The problem is, without any communication I have no idea of how close I am to receiving the legacy.
I'll keep you informed of developments.
Many thanks,
Regards, victor.
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