Who gets FIT payments after my demise?

brewerdave

Far from an expert ,but don't FIT payments cease after a maximum of 25 years after installation ? So for most people, they will have ceased before death .

Reed_Richards

brewerdave said:

Far from an expert ,but don't FIT payments cease after a maximum of 25 years after installation ? So for most people, they will have ceased before death .

When you make a will you really need to try to cover all foreseeable possibilities of what might happen in future - including the one that you don't outlive your FIT payments. 

Misslayed

brewerdave said:

Far from an expert ,but don't FIT payments cease after a maximum of 25 years after installation ? So for most people, they will have ceased before death .

That's my plan! Ideally. Only had them 7 years

tim_p

Misslayed said:

brewerdave said:

Far from an expert ,but don't FIT payments cease after a maximum of 25 years after installation ? So for most people, they will have ceased before death .

That's my plan! Ideally. Only had them 7 years

So you’ll have 13 years of income left.

Misslayed

Update for future reference, I had this response from Eon

Dear xxxxx

 

Thank you for your email.

 

The executors of yours will need to apply for bereavement transfer. A bereavement form needs to be filled. Along with the form, Will/Grant of Probate, valid IDs of all executors and death certificate needs to be provided. Once all the required documents are received, your account will be transferred to one of the executors.

 

 

Yours Sincerely,

 

Customer Service Team

My husband is executor. 

Reed_Richards

So much the same as any other asset in your name, like a bank account.

Reed_Richards

All you have achieved so far is to shift the problem on to your husband!  He, as executor, has to decide whether the solar panels are a fixture of the house or part of your goods and chattels.  Furthermore he also has to decide if the FIT should be assigned to the owners of the house (your step-children), as it normally would, or to himself as the person living there (as a sort of rent-free tenant).  I can see you might be reluctant to pay for a change in your will but explicit instructions would make his life a lot easier if he has to act as executor.  If the will states the terms under which he gets to live in the house perhaps there is wording already in the will that answers these questions.    

MWT

The default position on solar panels would be that they are a fixture on the house, not 'goods and chattels'  and hence go with the house just like the kitchen cabinets and the bathroom fittings.

The right to the FiT payments would follow the solar panels along with the house unless explicitly instructed to transfer elsewhere in the will.

If you want him to have the income then the will needs to say this or it may lead to problems later.

Hermann

Misslayed said:

Update for future reference, I had this response from Eon

Dear xxxxx

 

Thank you for your email.

 

The executors of yours will need to apply for bereavement transfer. A bereavement form needs to be filled. Along with the form, Will/Grant of Probate, valid IDs of all executors and death certificate needs to be provided. Once all the required documents are received, your account will be transferred to one of the executors.

 

 

Yours Sincerely,

 

Customer Service Team

My husband is executor. 

This reply from EON tells you nothing about who is entitled to receive the FIT income  as a result of your will, it is simply explaining the process an executor would need to follow.

If you want Mr H to receive the FIT payments your will needs to say that, if it doesn't then the FIT payments go to the step children.

Decide what you want and make sure your will covers that.

UnclaimedEnergy

1. Are the panels solely in your name or is your husbands name on any of the 'ownership' documentation? If so, then it will go to him.

2. Otherwise, if you own the panels outwrite and don't have any 'green deal', then set ownership and beneficiary of the FiT Payments to someone in your will.

3. From cases I've dealt with, issues would normally only arise if someone wants to dispute who is supposed to be getting the payments. Either because it was never made clear in the will, or because the person receiving payments doesn't live in the house (and therefore can't get meter readings)