During our recent visit to the Welsh Game Fair, we were reminded by someone who came to talk to us that it is all too easy, once someone dies, to overlook the fact that they may have owned Premium Bonds.
Unlike many other assets, Premium Bonds do not pay any income and, unless the person who has died had a substantial holding and therefore receives prizes on a regular basis, the fact of them having owned Premium Bonds is unlikely to be picked up either from bank statements or from their other paperwork. With a small holding of Premium Bonds, the only paperwork may be the original holder card and bond certificate(s) which may date back many years.
As such, if there is any doubt about the existence of Premium Bonds, it is a good idea to contact the Premium Bond Office of National Savings and Investments to check as to the possible existence of Bonds. This is one of the matters that we will routinely check if we are dealing with an estate and it is one of many aspects which it is all too easy to overlook if you handle this yourself.
If you would like help or advice about what to do, then please contact us on (01267) 237441.