Practical guidance from Simon Jenkins, Director at Curtis Legal.
Premium Bonds must be cashed in, not transferred, and remain eligible for prizes for a year after death. ISAs can keep their tax-free status during administration. Here is how both work.
Read more →Executors must correctly value shares for probate, decide whether to sell or transfer them, and account for capital gains tax. Here is how the process works in practice.
Read more →To notify banks after a death, tell each bank the person held an account with as soon as you can, either through the free Death…
Read more →To notify the DVLA when someone dies, use the free Tell Us Once service to cancel the driving licence automatically, or tell the DVLA directly…
Read more →The simplest way to notify the Department for Work and Pensions (DWP) when someone dies is to use the government’s free Tell Us Once service.…
Read more →Attendance Allowance stops when someone dies, but entitlement runs up to and including the date of death, so any payments owed for that period belong…
Read more →When a property is held as tenants in common and one owner dies, that owner’s share does not pass automatically to the other owner. Instead…
Read more →Inheriting a property does not, by itself, create a Capital Gains Tax bill. The tax only bites later, when the property is sold, and by…
Read more →Whether a life insurance payout goes through probate, and whether it is subject to Inheritance Tax, comes down to one question: was the policy written…
Read more →How executors in England and Wales deal with foreign property, bank accounts and investments in a probate estate — tax, treaties, grants and timing.
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