Premium bonds after bereavement

ranciduk

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

JGB1955

NS&I will require her to obtain probate before releasing the funds. Is she the executor/administrator for Dad's estate?

Florenceem

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?

poppystar

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.

poppystar

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!

greyteam1959

You will need to obtain probate if the amount of premium bonds exceeds £5000.

Florenceem

Only £500 so will be okay.

elsien

all the information you need is on this page

https://www.nsandi.com/help/manage-money-for-others/customers-who-have-died

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.

Ms_Chocaholic

My understanding is that you can leave PBs in for a year after the holder's death if anyone here wishes to do that.

ranciduk

thanks for the replies all

total comes to £4000 so does this mean she doesn't need probate?

Keep_pedalling

https://forums.moneysavingexpert.com/discussion/comment/81870803#Comment_81870803

Very likely it is not requires what other assets did he hold?