Partner died intestate - family has taken money they’re not entitled to

Frogletina

SevenOfNine wrote: »

They all have a financial 'limit' as to what they will hand out on sight of the death cert & ID, & it's more then you think. Lloyds is £50k & I think a lot of other banks are probably similar. Lloyds closed the a/c & gave us £14k without hesitation, & Santander handed over £18k just as easily, though we had to sign the disclaimer for both. Having the death cert is the key.

The only financial organisation that is difficult was Nationwide. Their 'rules' are different, though they also have an upper limit, above which they will not cough up without LoA or Probate. If they are made aware that there are funds/property/whatever that require probate anyway, they do NOT part with one single penny until probate or LoA is granted.

Hence they clung on to a measly £200 in a savings a/c. So next time I have to deal with them I'm going to say "no, nothing else left by the deceased requires probate or LoA"...…….even if it does!.

Coventry Building Society held onto 57p until probate was granted!

badger09

Frogletina wrote: »

Coventry Building Society held onto 57p until probate was granted!

That is appalling.

Why do some financial institutions make, what is already a difficult time, even more difficult:mad:

TBagpuss

unholyangel wrote: »

I think I see where the confusion lies (unless the confusion is now mine and you understand the previous post). Tbagpuss said being born posthumously (which is the "already in utero"). While the exclusion is conceived posthumously.

Exactly - the link the previous poster quoted is one talking about IVF and whether a child concieved posthumusly through IVF would inherit.

TBagpuss

Angie200963 wrote: »

I cannot believe the bank has done this, when my dad died I went into the bank with the death certificate and they froze the account until I got a letter of administration from the court giving me the legal right to transfer his money into mums account. Is the bank trying to cover up their mistake with any old excuse.

Most banks will pay out 'small' amounts without probate - it means that in very small estate (like this one) the faimily doesn't have to go through probate.

Generally, when releasing the funds, the person receiving them has to sing a form stating that they are entitled (i.e. that theyare executor,administrator or entitled under intestacy) and that they will indemnify the bank against any claims.

I think most banks will do this up to about £10,000 but they can set their own limits.