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    • Theres the Bloomberg report, Standard and Poors analysis, The bank of Englands Report .. not one of which estimates the cost at less than the 180-250M a week it roughly costs depending on whats included. The higher realistic end is just short of 900M a week from the bank of England. The 250m a week estimates come from the ERG's estimates before they shut up when those estimates were trounced.   That Bloomberg amount is pretty middle of the road, and is roughly what I've been seeing as only disputable by zealots - it could be FAR more.     So putting that in perspective, if there is no further damage to the economy, and no further loss/reduction in business/growth, and adding in a small amount of interest on that loss (money has to come from somewhere and we are already further in debt than we have ever been) - it will be in the order of 50 odd years before we even break even .....   Of course, Rees-Moggs entirely unsupported middle finger in the air estimates of about 2050 when we will see some benefits would effectively require a MASSIVE boost to the UK;s 'profitability' - although no-one seems to be able to define any sources for that profitability other than perhaps connecting the climate destroying hot air coming out of Rees-Moggs gob directly to a wind and steam power station.      
    • Do you have any images of the WMF items? If you do then you could post them on this site.
    • yes I did that, not much auction only stuff but I will check from time to time
    • By the way, do you realise that you can put in an eBay search and localise it within X miles of a certain postcode. This should cut down the problem of having to search hundreds of advertisements every day. At the moment, a search for WMF cutlery within 50 miles of the postcode only produces six hits. Very manageable
    • In order for us to help you we require the following information:- [if there are more than one defendant listed -    Name of claimant: JC International Acquisition    Date of issue – 17 January 2020     Particulars of Claim   What is the claim for – the reason they have issued the claim? the claimants claim is for the sum of 125.00 been monies due from the defendant to the claimant under a non regulated telecommunications agreement originally between the defendant and Talk Talk telecom limited under account reference xxxxx. The rights benefits and title the agreement have been assigned to the claimant on 03/04/2014. Notice of the above mentioned assignment has been given to the defendant    What is the total value of the claim? 268.39   Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC ( Pre Action Protocol) ? Not too sure   Have you changed your address since the time at which the debt referred to in the claim was allegedly incurred? no   Did you inform the claimant of your change of address? N/A Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? No (broadband)   When did you enter into the original agreement before or after April 2007 ? After   Do you recall how you entered into the agreement...On line /In branch/By post ? Online   Is the debt showing on your credit reference files (Experian/ Equifax /Etc...) ? NO   Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Assigned to debt purchaser   Were you aware the account had been assigned – did you receive a Notice of Assignment? can't remember   Did you receive a Default Notice from the original creditor? Can't remember    Have you been receiving statutory notices headed “Notice of Sums in Arrears”  or " Notice of Arrears "– at least once a year ? unsure   Why did you cease payments? unsure   What was the date of your last payment? unsure   Was there a dispute with the original creditor that remains unresolved? Not that I'm aware of   Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? No  
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Hello,

 

I got a pension savings pack from my father now passed away for a large sum. The policy seems legit with a policy number, its a defined contribution policy and it has payable before death of pension age.

 

I thought the lawyer dealt with all his affairs turns out he didn't.

 

So, what does the law say on pension savings for someone who has deceased do the next next of kin, children inherit it just like property rules of intestacy?

 

Thanks.

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Have you informed them that your Dad has passed ?

 

Have you got probate ?

 

 

Andy


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Hi. I'm very sorry to hear about your father. I know how it is to lose a parent.

 

With a DC pension, it's possible that your father nominated who he wanted any death benefit paid to. As Andyorch says, we need to know more please. I imagine the scheme is run by an insurance company?

 

HB


Illegitimi non carborundum

 

 

 

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Sorry to hear about your father.

 

There are so many different types of pensions savings policies it is impossible to give a definite answer. In general defined contribution policies pay out during the life of the person and sometimes also (at a reduced rate) afterwards to any surviving spouse. The fund value is not usually passed on to survivors but your father may have been able to nominate someone to receive any death benefits that are payable. That's a generalisation, yours father's may be something quite different.

 

Are you an Executor (or, you mention intestacy, the Administrator if your father died without leaving a Will)? If so have you got Probate/Letters of Administration yet? Who is dealing with the administration of the Estate? (You as Executor/Administrator, or the solicitor you mentioned, or someone else)?

 

If you are the Executor/Administrator send the Death Certificate to the pension provider to notify death and ask them for details of the policy, the value at date of death for Inheritance Tax purposes , and any continuing benefits payable. That's the only way you'll find out for sure.

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many of these policies pay a cash lump sum upion the death of the policyholder providing they havent taken a pension or sometimes within a year of starting the pension. He should have completed a letter of intent and that will be acted upon regardless of what any will states unless there are reasons not to. Death benefits are tax free. There may also be a spouses pension to go with it though normally much reduced. If you are administering things then you need to find out what his letter of intent says and if you or anyone disagrees with its provisions then you had better let the pension provider know sharpish. If they dont agree woth any requested changes to who get the money you will have to take the matter to the pensions ombudsman

 

You will need to see acopy of the rules of the scheme as well

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Do you need to register to become an executor or administrator? I dealt with all his affairs after death, something that the lawyer was supposed to do but didn't.

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Did your father leave a will, BH?

 

 

HB


Illegitimi non carborundum

 

 

 

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depends on the value of the estate. banks will deal with you on your say so (copy of death cert) if the account is relatively trivial but if we are talking of many thousaneds then you need to pay the govt for thepapers to make you administrator. If there is a will then that will name the executor and that person has the right to deal with all matters and you can only act with their say so. the executor isnt necessarily the solicitor.

Contact the pansion co and ask them, that is the easiest thing and when they tell you what they expect go from there. they might do it based on death cert as it will fall outside of the provisions of the will (if there is one) if the letter of intent makes it simple for them

 

 

 

Do you need to register to become an executor or administrator? I dealt with all his affairs after death, something that the lawyer was supposed to do but didn't.

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Hello,

 

I am an executor for my late father who left a pensions policy with no will, however they asked me if I was financially dependent on my father I said no does that mean me or my mother will be denied the proceeds of the pension?

 

Thanks.

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Hi.

 

I've merged your pension threads. You don't need a new thread for each question, it helps the advisors if the information is kept together. :)

 

Have you asked the pension provider to give you details of the policy and what it can pay out? I imagine it has provisions for dependants other than your mother and that's why they asked you the question.

 

Andyorch asked earlier in the thread if you've obtained probate?

 

HB

Edited by honeybee13

Illegitimi non carborundum

 

 

 

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Can you tell us the pension company this is with and the name of the policy plus when it was taken out? It could help us to advise you.

 

 

HB


Illegitimi non carborundum

 

 

 

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I just noticed that you've said you're executor but that there's no will. Does that mean you're administrator of the estate?

 

 

HB


Illegitimi non carborundum

 

 

 

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I'm a bit confused Braveheart2009 about what's happened with your late father's Estate generally.

 

(1) How long ago did he die?

 

(2) Did he leave a Will? If not this gov.uk page explains who is entitled to administer the Estate https://www.gov.uk/wills-probate-inheritance/if-the-person-didnt-leave-a-will and this page who can inherit the Estate https://www.gov.uk/inherits-someone-dies-without-will

 

(3) If there is no Will you cannot be the Executor or get Probate. But you can apply to be the "Administrator" and to be issued with "Letters of Administration". Have you done that? (In practice they are equivalent to being an Executor and being granted Probate). You can apply direct yourself or you apply through a solicitor.

 

(4) The most likely reason the pension provider was asking about whether you were financially dependent is that the pension policy pays out a discretionary death benefit - "discretionary" meaning that who receives it is at the discretion of the pension provider. Typically the pension provider would have asked your late father to nominate who is to receive the pay out. Do you know if he did? Usually the pension provider will always pay out to someone, it's their choice who to pay it to. It's done that way so that the pay out does not form part of your father's Estate and therefore won't be subject to Inheritance Tax. But all this is guesswork, no-one here knows what the policy actually says. The questions you are asking here you need to ask the pension provider. They are the only people who know what it actually says.

 

 

(5) What about the rest of your father's Estate, other than the pension policy? Was it large? Did he own a house? Have a lot of savings? What's happened to those?

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I agree, Ethel, answers would be very helpful.

 

Brave heart has another thread about selling a property, I'm not sure if it's connected with the estate as the other thread needs answers too.

 

HB


Illegitimi non carborundum

 

 

 

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(2) Did he leave a Will? If not this gov.uk page explains who is entitled to administer the Estate https://www.gov.uk/wills-probate-inheritance/if-the-person-didnt-leave-a-will and this page who can inherit the Estate https://www.gov.uk/inherits-someone-dies-without-will

 

(3) If there is no Will you cannot be the Executor or get Probate. But you can apply to be the "Administrator" and to be issued with "Letters of Administration". Have you done that? (In practice they are equivalent to being an Executor and being granted Probate). You can apply direct yourself or you apply through a solicitor.

 

 

That's assuming your father lived in England. If he didn't then ignore what I posted about Executors/Administrators.

 

I've noticed from a post of yours some months ago on another topic that you are in Scotland. If your father lived in Scotland and his assets are in Scotland then the procedure when someone dies with or without a Will is different. See this Scot Gov explanation of what happens in Scotland.

 

https://www.scotcourts.gov.uk/taking-action/dealing-with-a-deceased%27s-estate-in-scotland

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