Inheritance

puds15

If I pass away before my Isa ends, can my son claim the money without any problems?

dunstonh

If your son is the beneficiary in your Will, then there will be no problems.  If you have named someone else then there will be.

p00hsticks

Individual Savings Accounts (ISAs): If you die - GOV.UK (www.gov.uk)

Note that depending on how much money is in the ISA and the T&Cs of the particular provider, the executor of your will (or whoever applies for letters of administration) may need to apply for probate to get the money released to your estate.

The fact that you refer to your ISA 'ending' suggests that it is some form of fixed term cash ISA - you'd need to check the T&Cs to see what they say about what happens if the holder dies before the fixed term is up. 

Brie

This puts it nice and simple....Can you inherit an Isa? - Which?

Can a child inherit an Isa?

If a parent dies and leaves savings in an Isa, a child or children can inherit the money - but not in the tax-free way a spouse can inherit an Isa.

Instead, the money will form part of the deceased person's estate, and it may be liable for inheritance tax.

bikeman

I assume this question is really asking, would your son inherit the cash ISA? The anser is no, it would be transfered to cash by the executor and lose its tax free status.