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[Finance] Premium Bonds - prize pool increased again - you ever have any luck?



birthofanorange

birthofanorange

Well-known member
NSC Patron
Aug 31, 2011
6,454
David Gilmour's armpit
Falmer Flutter © said:
Ok, bear with me in case I haven't got this quite right. We notified Premium Bonds of my father-in-law's death and were told that the numbers can be kept in his name for up to another year. My wife is currently sorting transfer of probate for various assets so this £10k win is being "held" by Premium Bonds until this is complete. Once done, this and the original amount can then be cashed in. So yes "take them on" I suppose is not strictly correct, but the letter notifying of the win was sent to my wife.
Click to expand...
Gotcha - fully understand now.
It's a pain having to go through probate - it seems only Premium Bonds seem to require this (over a £5K holding, I believe).
Is probate a costly exercise? When my father died, he had approx £5.5K of bonds, and luckily they didn't require my mother to go to probate, so NS&I sent her a cheque for his holding.
As an aside, shite month for me - just £100 (max holding) after a blank month in September, yet £425 for my other half (max holding) , after an equally blank September.
 






F

Falmer Flutter ©

Well-known member
Feb 18, 2004
971
Petts Wood
birthofanorange said:
Gotcha - fully understand now.
It's a pain having to go through probate - it seems only Premium Bonds seem to require this (over a £5K holding, I believe).
Is probate a costly exercise? When my father died, he had approx £5.5K of bonds, and luckily the didn't require my mother to go to probate, so NS&I sent her a cheque for his holding.
As an aside, shite month for me - just £100 (max holding) after a blank month in September, yet £425 for my other half (max holding) , after an equally blank September.
Click to expand...
Some of the sums quoted were crazy so my wife and her brother have been doing it themselves. Needs a bit of patience and research and a lot of forms to fill in, but seems to be getting there.
 


birthofanorange

birthofanorange

Well-known member
NSC Patron
Aug 31, 2011
6,454
David Gilmour's armpit
Falmer Flutter © said:
Some of the sums quoted were crazy so my wife and her brother have been doing it themselves. Needs a bit of patience and research and a lot of forms to fill in, but seems to be getting there.
Click to expand...
It's an absurd scenario, imho. PB's should be considered in the same way as other monies/savings/property and go directly to the next of kin/according to the Will.
I hope they get it sorted without paying for basically....nothing in return.
I'd appreciate it if you could let me know how it goes, as this is something myself and partner need to consider.
 












































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