Potential FSCS compensation for someone that's died / messy situation with illiquid pension

zAndy1

thorsoak wrote: »

Whether or not your niece wanted to know her father, or caused him heartbreak, it was your brother's wishes that his estate went to her. Her attitude towards him is, in the eyes of the law, completely irrelevant to his wishes.

No, he didn't make a will and where he had completed a beneficiary nomination form he always put my daughter (his niece) down as the sole beneficiary. Does that say to you that he wanted his estate to go to his daughter cos it doesn't to me? He died at 48 so it's hardly surprising he hadn't got round to making a will but the beneficiary nominations say it all as far as I'm concerned..

thorsoak

Alright - from your first post, I understood that he had made a will. It just goes to show how important it is to make a will - especially in circumstances such as these.

My late M-i-L's sister did not make a will: she assumed that everything would go to her sister, as she was her last remaining sister. She did not know that everything would be divided between the children (or grandchildren in some cases) of her now-dead eight siblings - and my M-i-L had to find them all, and ensure that they received 8/9ths of what her sister thought would go to her. But that is the law.

Malthusian

zAndy1 wrote: »

No, he didn't make a will and where he had completed a beneficiary nomination form he always put my daughter (his niece) down as the sole beneficiary. Does that say to you that he wanted his estate to go to his daughter cos it doesn't to me?

It does, yes. If he wanted his estate to go to his daughter he'd have made a Will. I understand why you are disappointed but his wishes were what they were. For all we know he nominated his niece for the pensions in the knowledge that his daughter would receive his estate and had no need of the pensions.

The fact that she was beastly to him doesn't mean he didn't want her to receive his estate. People do things out of love for people who throw that love back in their faces all the time, especially parents for their children.

If the system eventually works in her favour, your daughter should still receive a windfall of at least £50,000 and possibly six figures (depending on whether Abana goes bust and the FSCS kicks in, or pays the full redress due) from someone who isn't a direct ancestor, which is already a very good stroke of fortune.