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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

«13

Comments

  • JGB1955
    JGB1955 Posts: 4,049
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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?

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  • Florenceem
    Florenceem Posts: 9,250
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    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
    poppystar Posts: 1,763
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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.

  • poppystar
    poppystar Posts: 1,763
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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!

  • greyteam1959
    greyteam1959 Posts: 4,832
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    You will need to obtain probate if the amount of premium bonds exceeds £5000.

  • Florenceem
    Florenceem Posts: 9,250
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    Only £500 so will be okay.

  • elsien
    elsien Posts: 38,327
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    edited 4 February at 10:02PM

    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.

    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.
  • Ms_Chocaholic
    Ms_Chocaholic Posts: 13,923
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    My understanding is that you can leave PBs in for a year after the holder's death if anyone here wishes to do that.

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  • ranciduk
    ranciduk Posts: 788
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    thanks for the replies all

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

  • Keep_pedalling
    Keep_pedalling Posts: 23,548
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    Very likely it is not requires what other assets did he hold?

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