Stocks and Shares ISA

[cake4tea]

Can anyone tell me what happens to a stocks and shares isa when the investor dies. Dad had one and when he died in June 2014 we transferred all his accounts and joint accounts to Mom's name but just noticed today that his annual ISA stocks and share statement which we have just received still has his name on it.

 

[Theresalwaystomorrow]

Hi
They can be transferred over to your mum as well, she can take his tax allowance I believe.
The bank can sort this for you

 

[nitram]

Dad's ISA lost it's TAX free status on his death, any income since his death was taxable.

As his death was before April 2015 Mom would not have received an additional £20k of ISA allowance.

 

[Spamar]

The two firms I dealt with when winding up OHs money both required probate, by the way.