Dealing with £1 Premium Bond after death

sfag1987

Sorting through mother-in-laws paperwork following her death, we've found she had a single £1 Premium Bond. Having read NS&I procedures for notifying them, we would need to get a certified copy of her Will to send them, in addition to Death Cert. My wife says it's not worth the bother. Although it could win something in the 12 months allowed, it's never won anything since it was purchased in 1958!

Have others encountered this type of issue and what did you do?

coyrls

I would suggest that you take your wife's advice.

cattie

Not sure if my case is same as yours or if rules have changed but I have some premium bonds in the name of my son, who tragically died & haven't yet got around to having them put in my name. I was told I just needed to send a copy of his death cerficate for them to be able to do this.

AnotherJoe

Yes even if you had a spare certificate knocking around the postage would be about 60p. Don't bother.

Aylesbury_Duck

cattie wrote: »

Not sure if my case is same as yours or if rules have changed but I have some premium bonds in the name of my son, who tragically died & haven't yet got around to having them put in my name. I was told I just needed to send a copy of his death cerficate for them to be able to do this.

I'm very sorry to hear that, cattie. Sometimes a post just strikes me and yours was one of them. I didn't want to read and just move on without commenting.

Ms_Chocaholic

cattie wrote: »

Not sure if my case is same as yours or if rules have changed but I have some premium bonds in the name of my son, who tragically died & haven't yet got around to having them put in my name. I was told I just needed to send a copy of his death cerficate for them to be able to do this.

Sorry to hear about your son.

Unfortunately you can't change the name on the bonds, you have to cash them in. You could use the funds to purchase bonds in your own name though but the minimum purchase is £100.

You can leave the bonds in your son's name for up to one year after his death.

Alexland

AnotherJoe wrote: »

Yes even if you had a spare certificate knocking around the postage would be about 60p. Don't bother.

It might not be financially worthwhile but sometimes it's good to know everything is sorted and the matter is closed.

Alex

aroominyork

Alexland wrote: »

It might not be financially worthwhile but sometimes it's good to know everything is sorted and the matter is closed.

True, though I am not sure this is one of those times. The bond could be ignored and sit among the many dormant or expired bonds and bank/savings accounts which exist. My only question would be what happens if the bond wins a prize during, or after, the 12 month period? Would you be notified, eg by a letter forwarded from your late mother-in-law’s old address, and find (if after 12 months) that she would have won £1m? Also, do you know the postal address the bond is registered to?

Vortigern

sfag1987 wrote: »

...it could win something in the 12 months allowed.

Monitor it for those 12 months. If it wins, jump through the hoops and make a claim.

Have others encountered this type of issue and what did you do?

It used to be easier. I think I just sent a death certificate, but that was over 10 years ago.

sfag1987

I sympathise with you cattie, not something you want to deal with.

notbritishgas

OP
You could frame it and hang it on the wall as a reminder of your MiL.

Also that would be a reminder to periodically check the number for that missing £million.