simple interest is earned for the first 8 years then none I am afraid.
Interest is earned while an estate is administrated if the Money is held in an interest bearing account another reason why you should only uses the bigger firms, like F&F.
Because we are not regulated and can hold client money in are own bank accounts, not specific client accounts, we can even use it as capital before it is paid out, there is a risk that a small one man company or some of the cow boy firms could go bust taking all the money with them!! F&F being a partnership are fully liable for any money, I think we are the only Partnership, that means the partners would each have to go bankrupt before any money is lost, we also have a fully audited client account that does gain interest, however low that is in the current environment!!
