Obtaining Bank Statements Tax Calculation

vonsworld

Hello

As the executor of a Will can you request a bank, in this case Barclays, provide the last 7 years of statements for the deceased persons account. This is to help trace payments when calculating possible inheritance tax.

Obviously probate has not yet been granted, so will the bank still be helpful to an executor and provide the statements?

Thanks

Mark_d

I'd be surprised if they allow you to do anything with the account until probate is granted.

Once probate is granted, you may be able to purchase re-prints of old statements.  I think it's unlikely you can get statements going back 7 years but if you can, it won't be quick or cheap.

Marcon

vonsworld said:

Hello

As the executor of a Will can you request a bank, in this case Barclays, provide the last 7 years of statements for the deceased persons account. This is to help trace payments when calculating possible inheritance tax.

Obviously probate has not yet been granted, so will the bank still be helpful to an executor and provide the statements?

Thanks

Ask Barclays what they can supply and when. That way you'll have a definitive answer.

p00hsticks

Mark_d said:

Once probate is granted, you may be able to purchase re-prints of old statements.  I think it's unlikely you can get statements going back 7 years but if you can, it won't be quick or cheap.

I don;t think it's as unlikely as you suggest - A slightly different scenario, but I've just got PoA for my mother following my fathers recent death, and access to her (previously joint) account has let me download the last seven years statements directly and for free via online banking, which will be very handy in my other role as executor for my father estate. 

I'd suggest speaking to Barclays bereavement team (I expect they have one) and see what they say - it can't be uncommon for an executor to need evidence of bank balances and transactions in order to help establish gifts and debts prior to applying for probate. 

vonsworld

Banks do keep statements for 6-7 years and can charge a maximum of £10 for copies. You can't obtain probate until the inheritance tax has been settled and statements would be invaluable for tracing gifts needed to calculate the possible inheritance tax.

Does anyone who has been through the process know the answer please?

DE_612183

Recently did this with Lloyds - they were happy to provide statements

Brie

I know the Proactive Customer Care team at Barclays used to ship out huge boxes of statements upon request and for free.  Whether they can do it pre probate for someone who is not the customer does rather make it a case for the Bereavement team.  

Keep_pedalling

Speak to the bereavement team they should be able to supply the info you require.

p00hsticks

Keep_pedalling said:

Speak to the bereavement team they should be able to supply the info you require.

Letting us know when someone dies | Barclays

Marcon

vonsworld said:

Banks do keep statements for 6-7 years and can charge a maximum of £10 for copies. You can't obtain probate until the inheritance tax has been settled and statements would be invaluable for tracing gifts needed to calculate the possible inheritance tax.

You seem to have answered your own question!

vonsworld said:

Does anyone who has been through the process know the answer please?

Why are you so reluctant to ask the one source of information which you can rely on: Barclays?