Banks are entitled to permit payment to next-of-kin of amounts up to £5,000,64 without requiring a grant of probate or proof of any title. This power generally arises under private Acts, which are listed in AESPA 1965, Sch. 1.

Worked example 1: Joint tenancy

The deceased and his wife owned the matrimonial property in joint names. When purchased, they ticked the box on the Land Registry form indicating that they owned it as tenants in common. Without more, the property passes by survivorship to the widow and does not form part of his estate.

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