Probate question

MorticiaWales

Hi, newbie forum member here.

My Dad passed away earlier this year.  He left a will which left everything to my Mother.
Most things were in joint names, they were joint tenants of the house.   

So everything was transferred without probate being asked for until I come to sort out his premium bonds where I have been asked for probate. (& possibly for a small insurance policy as well)
  So my question is, when I apply, do I just include the value of the bonds & the insurance policy?  Or do I have to include his share of their joint accounts which is already done?

Thanks for your help

MorticiaWales

Edit: sorry, they were tenants in common not joint tennanrs

p00hsticks

no , I believe you need to include the whole value of his estate - which I think would include half the value of the joint accounts and half the value of the house - but as he left everything to his wife (assuming they were married) then it will be an 'excepted estate' and so no IHT would be due  

Keep_pedalling

As they were tenants in common you include the value of his share of the house plus all his sole assets.

Willeri

You include all sole assets and half of all assets however owned ie as joint holdings/ tenants or his share as tenants in common but as all to go to spouse then no IHT, you have encountered NS&I having a low value of £5k above which they crazily need a Grant of Probate yet some banks go up to £50k