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Standard Life
Standard Life Self Investor

As part of protecting our mutual customers  we regularly review our Grant of Probate threshold in relation to death settlements. Obtaining Grant of Probate is the only legal method to ensure a financial services provider is paying a death settlement value to the correct party.

From 1 July 2019 we are changing the threshold to €60,000 and will now require either the original or a certified copy of the Grant of Probate for cases of this amount or over.
 
Where we have been notified of a client’s death prior to 1 July 2019 and the death settlement value is between €60,000 - €149,999.99 we will not require certified Grant of Probate.
 
Please find the standard death requirements below with effect from 1 July 2019.

 
 Death value up to €59,999.99  Death value from €60,000 +
 Certified or original death certificate  Certified or original death certificate
 Certified or original Will  Certified or original Grant of Probate
 Certified or original AML evidence   and bank statement for Executors.  Certified or original AML evidence   and bank statement for Executors
 Signed instruction from all Executors   as to how the death value is to be paid  Signed instruction from all Executors   as to how the death value is to be paid


*Additional requirements may be required depending on the Executor’s instruction. We continue to reserve the right to request Grant of Probate at our discretion for lesser amounts.

Kind Regards,

Tom Feehan
Department Manager
Customer Service Division
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Standard Life International dac is regulated by the Central Bank of Ireland. Standard Life International dac is a designated activity company limited by shares and registered in Dublin, Ireland (408507) at 90 St Stephen’s Green, Dublin 2. Standard Life International dac is part of the Phoenix Group and uses the Standard Life brand under licence from the Standard Life Aberdeen Group.

© 2019 Standard Life Aberdeen, reproduced under licence. All rights reserved.