What happens when you notify investment holders of death.th

mickfredricks

As acting executor (probate awaited) what happens to the investment when the organisation holding stock & share investment is told of members death? 

Linton

You should inform the "organisation" of the death and request a valuation as at time of death for tax purposes.  They should tell you about any processes they require. Assuming it is not a pension the investment will just sit there increasing or decreasing in value as normal until probate has been received.  At that point the investment can be distributed in line with the will or the intestacy rules, as appropriate.

If it is an ISA it will retain its ISA status if being passed to a spouse.

If it is a pension different rules apply - details on request.

xylophone

If it is an ISA it will retain its ISA status if being passed to a spouse.

Even if the ISA investment is not being passed to the spouse, the value of the ISA can be passed to the spouse as an additional permitted subscription.

https://www.which.co.uk/money/savings-and-isas/isas/cash-isas/can-you-inherit-an-isa-av3zk0s5ud6q

https://www.gov.uk/individual-savings-accounts/inheriting-an-isa-from-your-spouse-civil-partner