How precise do 'at time of death' account figures have to be?

izaac

What I mean is, I have informed everyone who needs to know; Legal & General, Schroeders, Barclays of my mother's demise; Barclays have sent out a statement, as per usual but with "A/c Mrs XXX deceased" as the name on it (addressed to me, tho), but it's up to 23/02. Mum died on 8/2 so there'd be a miniscule, but nonetheless, for CGT purposes, some sort of gain in there, being ISAs, etc, wouldn't there? The ISAs have been closed and put into some sort of 'holding account' at Barclays. I go in and see them tomorrow to set up what will be my executors account once I get probate, but I can't apparently make it a proper 'Executors Account' without probate, but I can't get probate before Barclays send me their final account figures to submit in my probate application.....

Ironically, Barclays don't actually need probate!

Do I have to contact them all ^again^ and ask for something specific? 'Account as of 08/02 for probate purposes, please?'

I would have thought me telling them of the death, telling them I am the executor and and sending a death certificate would have prompted an 'at time of death' figure from them...

Keep_pedalling

CGT is not applicable on savings accounts. From the date of death no interest should be payed by the bank to the ISA account unless some had accrued prior to that date, instead it is transferred to a standard savings account where it is subject to 20% income tax, so you don't really need to worry about it, and it should be fine to declare the value Barclys gave you.

SeniorSam

Barclays should supply the final bank statement. This will show all income and expenditure with dates, so it should be simple to extract what you need.

Sam