Grant of Confirmation

Gillybilly_2

Can anyone please tell me what information is contained on the letters of Confirmation.  Are they each tailored to the companies requiring them. For example, are they addressed to the company and include the figure to be released.  (Taken from the info on C1).
Would be helpful to know as I have included interest earned in one company in their figures, where it was actually paid to a bank at the time,  I deducted it from the bank total. I assumed that they might query where the interest is from a savings account. 

I may be over thinking it, but I'd rather get it right and save my mum the hassle if returned forms.  Thanks.


  

GSS20

Gillybilly_2 said:

Can anyone please tell me what information is contained on the letters of Confirmation.  Are they each tailored to the companies requiring them. For example, are they addressed to the company and include the figure to be released.  (Taken from the info on C1).
Would be helpful to know as I have included interest earned in one company in their figures, where it was actually paid to a bank at the time,  I deducted it from the bank total. I assumed that they might query where the interest is from a savings account. 

I may be over thinking it, but I'd rather get it right and save my mum the hassle if returned forms.  Thanks.


  

You get a sheet of paper of a copy basically of what you have put down in the inventory for each financial institution. They ask which ones you require a certificate for.  The certificate has blurb about who it’s issued to etc (names of the executors)  then there is what appears to be an excerpt from the inventory ie Bank of Scotland list of accounts and values. I don’t think the bank really pays much attention to the values as interest may have continued but it seems you must ensure you have the correct account type and number on the inventory.

naedanger

Gillybilly_2 said:

Can anyone please tell me what information is contained on the letters of Confirmation.  Are they each tailored to the companies requiring them. For example, are they addressed to the company and include the figure to be released.  (Taken from the info on C1).
Would be helpful to know as I have included interest earned in one company in their figures, where it was actually paid to a bank at the time,  I deducted it from the bank total. I assumed that they might query where the interest is from a savings account. 

I may be over thinking it, but I'd rather get it right and save my mum the hassle if returned forms.  Thanks.


  

Yes the Confirmation contains the inventory. And the extract you get to show each bank/building society etc shows the assets on the inventory held by that company.

However I can't imagine any bank/financial institution will quibble over small differences in account balances due to interest payments. (The Confirmation is really just saying the holder is the person legally entitled to gather in and distribute the deceased's estate. So unless there was doubt that the assets actually belonged to the deceased I don't think the banks should have a concern. And a small difference due to an interest payment is not of any significance in that context.)

Gillybilly_2

Thanks for the replies, the savings account in question is in joint names so it shouldn't make a difference hopefully.  The company NS&I have said she has access to the funds, but still waiting to hear if they want Confirmation for the other half, they have a 5 week delay due to Covid.  

naedanger

You don't need confirmation for any account, or property, held in joint names.

Did you father hold money in any accounts that were in his sole name? If not, and any property was jointly owned by someone (most likely your mother) who is still alive, then you probably won't need confirmation at all.

In fact even if some money is held in your father's sole name it is possible you won't need confirmation, provided the amount was below a certain level that varies by company. So it is worth checking you need to obtain confirmation at all.

You will need confirmation if your father held more than £5,000 with NS&I in an account (or bonds etc) that was in his sole name.

Gillybilly_2

Unfortuntely, the first company I contacted where he had a small amount of savings asked for confirmation.  Even his NHS Pension have asked for confirmation for a very small refund.  So I have to get info for all companies.  Thanks for your help @naedanger. 

naedanger

That's annoying, because there are fees, plus the application process is not the easiest.

Gillybilly_2

I know it is, some companies with more funds have been really undemanding only requiring Will and death certificate. I am in the middle of sorting C1, 2 and C5 now. I was hoping that the government would increase the small estate limit in the current curcumstances, to save people from this extra burden, however I am still working through the large estate requirements.  This thread has been invaluable, I was very stressed until I found this and the people willing to help on here. 
Thanks

B0nkers

Can anyone help guide on court fees for confirmation? On the scotcourts.gov.uk website there is a list of fees under the Commissary section. scotcourts.gov.uk/rules-and-practice/fees/sheriff-court-fees

Can someone answer:

1) what is the £19 Dative Petition fee?  is that just something payable if there is no will, but if we have a will and clearly nominated executor we can ignore that fee?

2) The main fee is tiered based on the "value of the estate".  I assume this is the Total Estate for Confirmation (top right page 1 of the C1 and bottom of page 2 where the C1 is signed).  But I don't want to make a mistake as the forms have lots of other values: "Net Value of Estate" (page 4 of C1), Gross Value of Estate for IHT, Net Value for IHT and Net Qualifying Value of the Estate (these three all on page 5 of C1).

3) There is a certificate fee of £8 so presumably I need £8 times as many certificates as required.

Therefore if, for example, I had a Total Estate for Confirmation of £80,000 and 4 certificates needed, the total fee payable would be £298 (£266 plus 4 x £8).

Thanks.

GSS20

When the court granted confirmation, they phoned me and asked how many copies I required and which ones, then told me the value and I paid the amount over the phone. It was done this way due to Covid and the courts not being open. I don’t know what the current situation is. I think I paid the fee plus 2 certificates as although there were several accounts they were with 2 financial institutions.