#Bereavement; #Settld.Care; #End-of-lifeAdmin; #BereavementStandards
Tech Nation rising star award for Settld
Tech Nation rising star award for Settld as it “changes the way families have to deal with the death of a loved one” NATIONWIDE bereavement service Settld has been officially named as a Tech Nation rising star in the UK tech sector. Settld’s free end-of-life admin service launched to the public in February 2021 and consistently gets five star reviews from bereaved families, for whom it simplifies account handling following a death. Settld has been named as a North East regional winner in Tech Nation’s Rising Stars award series. Now in its fourth year, it’s the UK’s only national [...]
What happens to accounts when someone dies?
If you're wondering: what happens to accounts when someone dies? The short answer is that unless you tell companies that someone has died, their accounts will continue to run. If there are benefits from the government, or interest on savings then you risk breaking the law by failing to inform companies about the death. Companies should be informed within 10 days, when someone dies. You need to contact all the organisations that this person had an account with, as soon as possible. Tell them about the death and stop the accounts or transfer them. You will also need the [...]
What are the current limits for Grant of Probate for Financial Services Firms?
If you are named as an Executor of the Will, then when that person dies it will be your duty to administer the Estate. You have probably already checked Government guidance or Settld's guidance on whether probate is required. But are you aware that each Financial Services firm will have a different minimum value for which they will ask you to apply for probate before they will release funds? Settld has provided a comprehensive list of the probate thresholds for the largest financial services firms below. Company Probate threshold abrdn £36,000 Access bank £50,000 Aegon [...]
Probate! What is it and when do I need to apply for it?
If you are named as an executor on a will, then when that person dies it will be your duty to administer the estate. The first step in administering an estate is usually to apply for probate. What is Probate?A Grant of Probate in England, Wales and Northern Ireland, (or a Grant Confirmation in Scotland) gives you the legal right to deal with the estate of someone who has died.To be granted probate you will need to apply to the Probate Office. They will post out the Grant of Probate after they have processed your application. This can take weeks [...]