We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Only recently found out about inheritance
Hinge123
Posts: 4 Newbie
Hello, I received a letter recently from a bank stating I had been left £500 from my grandfathers will, he past away 15 years ago. All of the money was paid out 15 years ago as the bank didn’t say they had a will. Only Recently a will was found by the bank stating as a grandchild I should inherit £500. As all the money was paid out to other relatives the bank has said as it’s their mistake they will honour the £500 plus interest. To get the money I have to sign a form saying this will settle any claims and close the case. Does this seem fair?
0
Comments
-
Seems fairEx forum ambassador
Long term forum member0 -
If your grandad passed away last week you would get 500 pounds. You will get 500 pounds so yes it's fair. Actually more than fair as you will get interest, too0
-
Yes, of course. What else would you expect?Member #14 of SKI-ers club
Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)0 -
What are the bank offering to the other beneficiaries? Presumably the estate was treated as intestate. It is fair for them to pay you but they may owe others as well.Hello, I received a letter recently from a bank stating I had been left £500 from my grandfathers will, he past away 15 years ago. All of the money was paid out 15 years ago as the bank didn’t say they had a will. Only Recently a will was found by the bank stating as a grandchild I should inherit £500. As all the money was paid out to other relatives the bank has said as it’s their mistake they will honour the £500 plus interest. To get the money I have to sign a form saying this will settle any claims and close the case. Does this seem fair?0 -
Everyone has been offered the same.0
-
I struggle to see why you need to ask if its fair.
If you had got the money years ago it would bre well gone by now so now youve got extra as in interest... Enjoymake the most of it, we are only here for the weekend.
and we will never, ever return.0 -
How much interest was paid? I believe the standard where banks have made mistakes is 8% simple interest. so after 15 years your £500 should be about £1,100 now0
-
Late Xmas present with interest, not to be sneezed at :beer:0
-
What a lovely surprise! How nice to get an unexpected windfall.0
-
Never look a gift horse in the mouth. Ave it!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards