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ns&i and inheritance
kidmugsy
Posts: 12,709 Forumite
What happens to your ns&i savings certificates when you die? Must they be cashed-in and the money distributed according to your will, or can the certificates be bequested to someone who can carry on owning them?
Free the dunston one next time too.
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Comments
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They can be transfered to beneficiaries. So a Will might leave them specifically to beneficiaries. Also, from experience as an executor about 10 years ago NS&I were brilliant in dealiing with certificates. They even 'phoned to check repayment instructions, and offered instead of cashing in to split the holdings amongst residuary beneficiaries, which was by far the best thing to do in the circumstances.
NS&I certificates can also be 'cashed in' BEFORE probate in order to pay IHT if needed too. (details in the leaflet mentioned above)0 -
My warmest thanks to you both.Free the dunston one next time too.0
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