Premium bond pay outs once someone has died

[AlternativelyWired]

If your soouse does and they win on their premium bonds can the surviving spouse pay in the cheque to their own account? Do things like that transfer over on death? For clarity the letter and cheque are addressed to the deceased person. This is someone I know who has done interesting financial dealings like putting his own home heating system through his business tax account even though he's retired and his home was not part of the business.

Spouse that should say, sorry.

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

NS&I have a helpful page about this.

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

It goes into the estate of the deceased and is distributed in accordance with the estate. So if the surviving spouse is sole executor and beneficiary, they can take it but not otherwise. Most premium bond wins are paid straight into a bank account rather than by cheque so they may simply continue to go to the same joint account. Whether the spouse can claim ownership of the money that’s hit the account still depends on the being sole beneficiary of course

I don't think he's told them she's died. He's still using her blue badge to park and she died over a year ago. It's seems very dishonest.

It’s technically part of the estate of the person who died, so will follow what their will says or under intestacy rules if no will. We had to look at this recently. I think the Premiun Bonds themselves are valid for 12 months after the date of death, so the person who dies can still win during that time. The PBs need to be transferred within year and I assume the administrators would want to see probate to transfer the PBs to someone, to cover themselves.

Dunno if a cheque can go into a different account, under general principles I would say not (ie a bank would not want to accept into an account for account holder A something which was addressed to account holder B).