Bereavement Guide Here to Support You When You Need It
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Bereavement Guide Here to support you when you need it www.leedsbuildingsociety.co.uk/loss-of-a-loved-oneleedsbuildingsociety.co.uk SAVINGSBEREV A EMENT 32 Coping with the loss of a loved one isn’t easy - especially if you need to Mainmake lotshead of infinancial a style decisions like this and Effra 22ptarrangements on 95% too.leading. But we’re here to help you as much as we can. What help is available? Contents Paying for funeral costs or Talk to us 3 settling other expenses What we need 5 Who to tell and useful contacts Who should you tell? 11 Amending Leeds Building Society savings or mortgage accounts Managing the estate 13 Transferring funds Thinking about between accounts your financial future 15 Help with financial queries Practical information and advice 17 Help managing the estate Understanding key terms 18 including getting probate Let’s talk: Pop in to your local branch, call 03450 50 50 75* or or visit www.leedsbuildingsociety.co.uk/loss-of-a-loved-one Death Notification Service: www.deathnotificationservice.co.uk *We may monitor and/or record your telephone conversations with the Society to ensure consistent service levels and for colleague training purposes. BEREV A EMENT 54 Talk to us What to do first 1. Get in touch 2. Register the death 3. Find out if a Will has been made The Death Notification Service is an Legally the death needs to be It’s important to find the last known external online service that allows registered within five days in England, Will as soon as possible, as it could you to notify us when someone dies. Wales and Northern Ireland, and help you understand what to do within eight days in Scotland, unless next. It may include funeral wishes, By using this free service, you can let the Coroner is investigating. You’ll such as the type of funeral the us know about any accounts they held need to register the death at a deceased wanted, and if they’d made with us - as well as those with any registration office, but you might any arrangements to pay for it, for other banks or building societies. So need to book an appointment to example with a pre-paid funeral you can do everything in one place. do so – check your local council’s plan. A valid Will will also name one website for details. Although there or more people as an executor, You can access the Death are many registration offices in who’ll be responsible for carrying Notification Service at www. the UK, if you register the death in out any wishes detailed in the Will deathnotificationservice.co.uk the district where the person died, and dealing with the estate. If you’re It’s really quick and easy and you you’ll receive the death certificate having trouble finding the Will, visit don’t need a death certificate. sooner. If you register it in another www.gov.uk/find-persons-will for district, the documentation will more information. If there’s no Will If you prefer you can contact us be sent to the office in the district in place, please see the ‘Will I need over the phone by calling 03450 where the person died, so it may Probate?’ section on page 14. 50 50 75* or visit us in branch. take a few more days to arrive. To find your nearest branch visit Tip - it’s worth asking for multiple www.leedsbuildingsociety. certificates so you can send these co.uk/branch to any organisation who will need to be informed. This may also be a cheaper option than having to pay for certified copies. Let’s talk: Pop in to your local branch, call 03450 50 50 75* or visit www.leedsbuildingsociety.co.uk/loss-of-a-loved-one Death Notification Service: www.deathnotificationservice.co.uk *We may monitor and/or record your telephone conversations with the Society to ensure consistent service levels and for colleague training purposes. BEREV A EMENT 76 What we need When you notify us (should this Certified copy Please note: some organisations Take them the original be over the phone or in branch) may have different requirements document and a photocopy You’ll probably be asked to provide we’ll need to see a copy of the for who they will accept certified either an original or ‘certified Ask them to check that death certificate, and the Will documentation from. At Leeds copies’ of documents to various they’re the same and then if one was made. If you’d like to Building Society, we’ll certify any organisations. A ‘certified copy’ is a include the following on the cover the costs of the funeral documents we may need at any copy of a document which has been first page of the photocopy: and other associated expenses branch, free of charge. If you’re asking confirmed as the same as the original using funds from the deceased’s any of the people listed, there may be - Their full name and occupation by a recognised professional and account(s), we’ll also need to see a charge and the process is as follows: - Business address and they may make a small charge for the invoices or proof of payment. phone number this service. Certifying copies can be done by one of the following: - Signature and the date - The statement ‘I confirm I a Chartered & Certified have seen the original Accountant document and this copy is a Bank/Building Society Manager an accurate, unaltered and Post Office staff (certification unedited replica of the service only) original.’ Commissioners for Oaths - Their official stamp General Practitioner/Doctor All other pages in the document Independent Financial Advisers can just be signed by the person certifying them. Justice of the Peace a Practicing Solicitor Due to COVID-19, we understand it might be difficult to get hold of additional copies of the death certificate. To help as much as we can, we’ll accept electronic copies of death certificates wherever possible. To avoid extra waiting time please notify us of a death using the online service Let’s talk: Pop in to your local branch, call 03450 50 50 75* instead of over the phone. If you need to speak to someone then call or visit us or visit www.leedsbuildingsociety.co.uk/loss-of-a-loved-one in branch. Death Notification Service: www.deathnotificationservice.co.uk *We may monitor and/or record your telephone conversations with the Society to ensure consistent service levels and for colleague training purposes. SAVINGSBEREV A EMENT 98 ISA accounts S pousal ISAs When someone dies on or before 5 If the deceased had a spouse or civil April 2018 the funds will no longer partner living with them, they may be What happens next Talkbenefit from to their us. tax-free status entitled to open a Spousal ISA. after the date of death. We’ll move the funds into an instant access If the spouse or civil partner chooses account, (which will have a different to open a Spousal ISA, then we’ll let account number) – although we them know how much they can invest A ccount(s) in a single name A ccount(s) in joint names won’t be able to close this account in their own name. until Probate or the Letters of Once the death has been registered, The joint account holder(s) will still Administration (or Indemnity form, if This is known as Additional we will write to the next of kin and be able to access the account. Once applicable) has been received by the Permitted Subscriptions and will confirm our records have been we have received a copy of the death Society. The funds in this account not count towards any current year updated and what we’ll need next. certificate we will take a copy and will also form part of the deceased’s subscriptions. We’ll also provide the next of kin, update our records. We will then estate. Executor or Beneficiary (as applicable) remove the deceased’s name from The time limit for investing in a with any figures required to apply for the account leaving the account From 6 April 2018 ISA regulations Spousal ISA ends 3 years after the Probate (also known as Confirmation in the sole name of the surviving changed and when someone dies date of death, or 180 days after in Scotland) – such as the amount in holder(s). after this date the ISA can still benefit the administration of the estate is the account(s). from the tax-free status until the complete, if this is later. We will provide notification once completion of the deceased’s estate, Once we have Probate or Letters of this is completed. If the next of kin, closure of the account or on the We don’t currently offer a Spousal ISA, Administration, or our Will Indemnity Executor or Beneficiary require the third anniversary of the death of but other banks and building societies or Intestacy Indemnity form (see balance at the date of death on a joint the account holder – whichever is do. details under the ‘Will I need Probate?’ account, we will need the authority soonest. section on page 14) completed by of the remaining account holder(s) to the Executor or the Administrator, we provide this. We’ll confirm everything in writing will be able to close the account. See to the next of kin, Executor or page 14 for our Probate limits. Beneficiary (as applicable) with any figures you might need and guidance We can also assist in arranging on what to do next.