Isa transfer from deceased to wife

[lacuna bless]

There is no probate or will. is this a straightforward process? I have official copy of death certificate.

[buildersmate]

It is not possible. An ISA is held in the name of the individual and on the death of that individual the funds cease to hold their ISA (tax-advantageous) status.
You will not necessarily have to cash the account(s) in but the financial institution holding them will insist on the transfer out from their ISA wrapper.

[boxtops]

If there is no Will, doesn't the money go into the estate of the deceased, to be dealt with by probate? Not clear why not?

[lacuna bless]

Very small estate, all else in joint names except this one isa. £98 fee to go to probate.
Happy to transfer to current account or to own isas. can it be done without probate?

[Barmaid]

How much is in ISA?

[buildersmate]

You are asking two different questions.
Yes, you can deal with the accounts without going to probate because the value of the estate is so low - you didn't say that on the first post.
No, you cannot transfer the ISA account of the deceased into an ISA account in your own name - you lose the tax-advantageous ISA-wrapper on the account. That is what I assumed you were asking since that is the way you worded your question - ISA transfer from deceased to wife. You can of course convert the account into cash and have to returned to you as a cheque.

[factor-fiction]

... and then you could pay it into an ISA in your name provided it is within the annual ISA limit

[237SJ]

Yes, it is a strightforward process to transfer money from an ISA to a wife`s account if there is no probate. Just inform the building society/bank and supply a copy of the death certificate. If the deceased`s wife is not a tax payer, there is not much requirement for an ISA anyway.