Critical illness payment received after death

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82046274#Comment_82046274

Absolutely, that is the catch all category for all other assets not covered in the previous questions.

lake888

@poseidon1 Thanks. I suppose a lump sum death benefit from a pension will be put in here as well?

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82046319#Comment_82046319

You need to be a bit more specific about the exact source of the lump sum death benefit and your husband's age when the benefit was triggered - see guidance below

https://adviser.royallondon.com/technical-central/pensions/death-benefits/pension-death-benefits/

How exactly did the death benefit trustees describe what they paid to you? Was it pursuant to an expression of wish direction from your husband that named you as his sole beneficiary?

Keep_pedalling

https://forums.moneysavingexpert.com/discussion/comment/82046236#Comment_82046236

The estate is 100% exempt you do not really need to use the IHT checker, just include the payout as part of his estate for probate valuations.

lake888

@poseidon1 My husband dies before the age of 75. There is an expression of wish naming me as the beneficiary. The death grant payment is entirely at the discretion of the pension trustee.

GrumpyDil

Because the lump sum was paid at trustee discretion then it doesn't fall into his estate.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82046525#Comment_82046525

I agree, its not to be included when reporting the extent of the estate for probate purposes.