Common use of ISA Clause in Contracts

ISA. If you die your ISA will continue to attract tax benefits until the earlier of the administration of your estate being finalised, the closure of the ISA or three years after death. Following your death and on production of the death certificate and grant of probate or letters of administration, we will deal with the Units as instructed by your personal representative. They must first prove they have authority to give us this instruction. They may request us to sell the Units and transfer them the net proceeds of the sales in cash or they can request that we transfer the Units to them.