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My father died recently and I'm the executor of his will. I've found some premium bonds amongst his possessions. Do they pass to me as his main beneficiary?

A Premium bonds can't be inherited or transferred between individuals. They must be cashed in after someone's death however they can stay in the draw for up to 12 months after a death. There isn't a fee for cashing a premium bond in. The people who inherit the estate get the proceeds of cashing in the bonds, any prize money won during the 12 months after the death and any prize money won before death but not paid out yet. The money must be distributed in accordance with your father's will. If your father left specific gifts and cash to named people and the rest of the estate to you, then the proceeds are yours. If someone dies without a will, then the rules of intestacy apply to the money. More information is available from your local CAB.

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