Jane Marie
New Member
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My mother died in 2019 leaving no will. Her only assets was her Credit Union Account of which I was the sole nominee.
As my mothers savings were €23,686.78 I only received €23,000 which was the maximum allowed before probate.
I have been trying to contact the Probate Office since early 2020 but only get answering machine and although I leave messages
I have never got a reply. My solicitor told me it would cost more than the €686.78 to take out probate .
Is there another way to go about retrieving the balance or how do I go about actually getting a reply from the Probate Office.
Thank you
Thank you all for your helpful advice. I will try presenting the undertakers receipt to the C,U, and see what happens.As the financial institutions will often upon receipt of a copy of invoice from undertakers pay some of the funds towards the costs I'm just wondering if you could approach it from that angle. If you paid the funeral costs yourselves you could try asking the credit union if they could pay the remaining €686.76 towards those if you give them a receipt.
We paid the funeral costs from a relative's bank account with receipt from undertakers and the bank transferred the remaining funds afterwards to the solicitor.
Just to further this we did exactly that last week, brought the invoice to the bank and it was "faxed" to "bereavement payments " and they paid out of the deceased bank account, and this while the will hasn't been discharged by the solicitor.As the financial institutions will often upon receipt of a copy of invoice from undertakers pay some of the funds towards the costs I'm just wondering if you could approach it from that angle. If you paid the funeral costs yourselves you could try asking the credit union if they could pay the remaining €686.76 towards those if you give them a receipt.
We paid the funeral costs from a relative's bank account with receipt from undertakers and the bank transferred the remaining funds afterwards to the solicitor.
'faxed'? Seriously? In 2021?Just to further this we did exactly that last week, brought the invoice to the bank and it was "faxed" to "bereavement payments " and they paid out of the deceased bank account, and this while the will hasn't been discharged by the solicitor.
Its certainly doable via banks don't know about CUs though.
Seriously, I brought in the invoice the girl added a few bits, probably account references and faxed it there and then.'faxed'? Seriously? In 2021?
Sorry for your loss.
I always thought that Credit Unions only pay this out depending on the persons age when they die.There should be death insurance on the account too from the credit union. Some credit unions will try get out of paying so be sure to assert yourself when dealing with them. They might even say because the balance is below the threshold for being eligible even though the balance was above it at the time of death.
Some Credit unions will be sneaky cute hooors while other credit unions will be only too happy to help you.
I once had to ask for the credit union rule book as they once tried to get out of paying out on the insurance. They made it unbelievable difficult but in the end they paid out as they hadn't followed their own rules when dealing with the account.
The life savings insurance is paid based up to the balance left in the account from when the person reaches 70. DetailsI always thought that Credit Unions only pay this out depending on the persons age when they die.
Wait until I show my mother this she'll have a fit.The life savings insurance is paid based up to the balance left in the account from when the person reaches 70. Details
from cu website….
How is the Life Savings benefit calculated?
The benefit is calculated by multiplying the relevant savings amount by a percentage determined by your age at your death. See the age categories and percentages applicable below:
Benefit percentages at each age category
Member dies before age 55 100%
Member dies between ages 55-59 75%
Member dies between ages 60-64 50%
Member dies between at age 65 or greater 25%
The relevant savings amount for a member under age 70 is the saving balance at the date of death. For a member over age 70, it is the lowest savings balance from age 70 to your date of death. Note that any withdrawal of savings made after age 70 will reduce the benefit payable. The maximum savings amount that can be used to calculate the life savings benefit is €3,000 maximum.
You have to keep on top of credit unions as they will not want to pay out.
My mum was told to close her account as she was moving from one credit union to another. This was incorrect advice. This would mean her insurance and credit rating would be lost. Should have transferred details not close account. I had to ring the manager and threaten to complain to the regulator on order for my mother to have her details transferred. manager said they know nothing about it. I had to give them the details on the rules in order to protect insurance and rating. Mum got an apology.
Jane Marie check if your Mum was covered under the insurance.
Wait until I show my mother this she'll have a fit.
I wonder if CUs payments into this insurance company owned by league I believe, could be wrong ,had reduced from what they were?
I have to say this has taken me aback.
Do these rules apply to EVERY CU?The life savings insurance is paid based up to the balance left in the account from when the person reaches 70. Details
from cu website….
How is the Life Savings benefit calculated?
The benefit is calculated by multiplying the relevant savings amount by a percentage determined by your age at your death. See the age categories and percentages applicable below:
Benefit percentages at each age category
Member dies before age 55 100%
Member dies between ages 55-59 75%
Member dies between ages 60-64 50%
Member dies between at age 65 or greater 25%
The relevant savings amount for a member under age 70 is the saving balance at the date of death. For a member over age 70, it is the lowest savings balance from age 70 to your date of death. Note that any withdrawal of savings made after age 70 will reduce the benefit payable. The maximum savings amount that can be used to calculate the life savings benefit is €3,000 maximum.
You have to keep on top of credit unions as they will not want to pay out.
My mum was told to close her account as she was moving from one credit union to another. This was incorrect advice. This would mean her insurance and credit rating would be lost. Should have transferred details not close account. I had to ring the manager and threaten to complain to the regulator on order for my mother to have her details transferred. manager said they know nothing about it. I had to give them the details on the rules in order to protect insurance and rating. Mum got an apology.
Jane Marie check if your Mum was covered under the insurance.
Sorry I have not been here to reply.Do these rules apply to EVERY CU?
They have to be part of the league.Do these rules apply to EVERY CU?
Sorry I could not reply sooner.Wait until I show my mother this she'll have a fit.
I wonder if CUs payments into this insurance company owned by league I believe, could be wrong ,had reduced from what they were?
I have to say this has taken me aback.
That was the way I recall it, but also in 2004 when I was doing a bit of work for one, large community based one, the loan was paid off and saving were matched to €12,750 or £10,000 , my mother thought this was every accountSorry I could not reply sooner.
They have be part of the league. The cu pay into the scheme as a form of insurance. If you get a loan of a ‘certain age’ the loan application and contract, it says that if you die the loan will be paid out of the shares and insurance.
The cu did try to reduce the payout a few years ago for new members.
Not every CU is the same, so check with your CU. With mine, it depends on when the money was saved, not the age the member dies.What was posted seems that only 25% max to 3k will be paid? Again if I'm interpreting this correct.
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