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Premium bonds after bereavement
my dad passed away recently unfortunately
my mum noticed my dad has quite a lot in premium bonds, which she now gets
she just wants to cash them in so the money goes to her current account
she is 100% computer illiterate and doesn't want to do nanything online
can you do it over the phone instead and is it straightforward ?
she is scared it will be too complicated for her
what info will they require from her?
Thanks
Comments
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NS&I will require her to obtain probate before releasing the funds. Is she the executor/administrator for Dad's estate?
#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3661 -
My recently passed husband has some premium bonds. I am executrix and not needing probate - simple will. What do I have to provide for NS&I?
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Unless it has changed there is a form you can download and complete - could you print this for her?
Note you can leave the bonds in the draws for up to twelve months, if your mother has no immediate use for the money then she might want to do that.
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You may well find you do need Probate if only for NS&I. Best to contact them to establish whether they are willing to pay out without Probate - don’t be too hopeful!
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You will need to obtain probate if the amount of premium bonds exceeds £5000.
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Only £500 so will be okay.
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all the information you need is on this page
To the OP, it can be done by post. There is a link on the page which you can use to check what you need to do and send.
All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have not could of.2 -
My understanding is that you can leave PBs in for a year after the holder's death if anyone here wishes to do that.
Thrifty Till 50 Then Spend Till the End
You can please some of the people some of the time, all of the people some of the time, some of the people all of the time but you can never please all of the people all of the time1 -
thanks for the replies all
total comes to £4000 so does this mean she doesn't need probate?
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Very likely it is not requires what other assets did he hold?
0
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