Probate required to get my deceased husband's premium bond money

CarolHircock

When someone dies, even leaving a will, NSandI will not pay out if the amount in premium bonds is over £5000 until grant of probate has been given. This can cost at least £700+ I have made inquiries at bank and building society and their amounts requiring probate is well in excess of £5000.

hoofy

Same when my dad died. All other money was in joint accounts with my mum, but he had £15000 with ns&i in his own name so we needed probate.

JGB1955

The fee for obtaining a Grant of Probate (in England) is £215 and easily done without the need for a solicitor.

hoofy

JGB1955 said:

The fee for obtaining a Grant of Probate (in England) is £215 and easily done without the need for a solicitor.

Yes, I did the probate when my dad died. Just fill the form in to the best of your ability and send it off and hope for the best.

It worked for me.

Thrugelmir

As executor of the will. Holding probate will make life far easier for you. 

EdGasketTheSecond

It can get complicated where a property or significant estate is involved. Then you have to pay the inheritance tax first before probate is granted; difficult when you can't access the deceased's cash.

msallen

JGB1955 said:

The fee for obtaining a Grant of Probate (in England) is £215 and easily done without the need for a solicitor.

Exactly. I have gained probate for both my parents over the last few years, and the most recent one earlier this year was particularly simple as it can all be done online now (as long as there are no extraordinary circumstances).

FYI Tesco bank required not only probate, but a copy of the will and a letter signed by the other 3 executors who did not get involved in probate, including one overseas - all for about £2000.

dunstonh

CarolHircock said:

When someone dies, even leaving a will, NSandI will not pay out if the amount in premium bonds is over £5000 until grant of probate has been given. This can cost at least £700+ I have made inquiries at bank and building society and their amounts requiring probate is well in excess of £5000.

Different providers have different levels.   £5000 is on the low side but that is their position and you have to accept it.

The real pain is that if you have multiple providers/accounts and one requires probate then you are required to provide it for all of them.   As most want the embossed original to be seen, this means it goes back and forth with each provider.  

Thrugelmir

dunstonh said:

CarolHircock said:

When someone dies, even leaving a will, NSandI will not pay out if the amount in premium bonds is over £5000 until grant of probate has been given. This can cost at least £700+ I have made inquiries at bank and building society and their amounts requiring probate is well in excess of £5000.

The real pain is that if you have multiple providers/accounts and one requires probate then you are required to provide it for all of them.   As most want the embossed original to be seen, this means it goes back and forth with each provider.  

Obtain sufficient certified copies of the original. 

EdGasketTheSecond

'As most want the embossed original to be seen'

Sailtheworld

EdGasketTheSecond said:

'As most want the embossed original to be seen'

You just order multiple copies when applying for probate. They're £1.50 each - there's just no point playing postal ping pong trying to recycle one original.